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New Industrial Flex Space with Freight Elevator

373 Highland Ave, Salem, MA 01970

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For Lease

$15 SF/Yr $25,000/Mo (calc)

COMMERCIAL - Salem, MA

Property size:

20,000 SF

Lot size:

4.34 Acres

HighLights

20,000 SF new street‑level industrial space built in 2023
12' clear height with clean industrial space and freight elevator to lower‑level docks
Includes common areas: kitchen/dining, ADA restrooms, and an employee locker room
NNN lease structure; tenant pays utilities and proportionate NNN expenses in addition to base rent
Freight access with lower‑level dock arrangement and abundant on‑site parking for employees
Landlord prefers a 5‑year lease term and will consider leasing additional space

We can help!

Contact an agent

Susan Rochwarg

For Lease

$15 SF/Yr $25,000/Mo (calc)

COMMERCIAL - Salem, MA

Property size:

20,000 SF

Lot size:

4.34 Acres

Added:: Sep 5, 2025
Days on Market:: 305
Last Refresh:: Jul 6 at 7:06 am

Property Features for 373 Highland Ave

General Information

Property type: Commercial Lease
Property subtype: Other
Zoning: CI
Bathrooms: 2
Rooms: Bathroom 1, Bathroom 2
Standard status: Active
APN: M:07 L:0046,2127135
Size: 20,000 SF
Lot size: 4.34 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 80224

Building Details

Year built: 2023

We can help!

Contact an agent

Susan Rochwarg

Listing agent Susan Rochwarg

Listing office Keller Williams Realty 138 River Road, Suite 107, Andover, MA

Listing date Sep 5, 2025

MLS# 73426657

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

20,000 SF new street‑level industrial space built in 2023
12' clear height with clean industrial space and freight elevator to lower‑level docks
Includes common areas: kitchen/dining, ADA restrooms, and an employee locker room
NNN lease structure; tenant pays utilities and proportionate NNN expenses in addition to base rent
Freight access with lower‑level dock arrangement and abundant on‑site parking for employees
Landlord prefers a 5‑year lease term and will consider leasing additional space

Overview

This offering presents approximately 20,000 square feet of new industrial space on the street level of a facility built in 2023. The space is described as clean and includes a freight elevator providing access to lower-level docks. Clear height is listed at 12 feet. Common areas include a kitchen/dining area, ADA restrooms, and an employee locker room. Abundant employee parking is also noted.

The property is located at 373 Highland Ave in Salem, Massachusetts, in Essex County, and is identified as being zoned CI.

The space is best suited to tenants looking for modern industrial/flex use with dock connectivity via freight elevator. The lease is structured as NNN, with the tenant responsible for utilities and proportionate NNN expenses in addition to base rent. A 5-year lease term is preferred, and the landlord will consider leasing additional space. Prospective tenants are encouraged to perform due diligence in all aspects of any contemplated lease.

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Salem
County: Essex
State: Massachusetts
Longitude: -70.929381
Latitude: 42.497359

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For lease
Flex space
MA
Salem
01970
373 Highland Ave

What type of property is this?

Flex space - 2023-built street-level industrial space with freight elevator and 12' clear height, offered on an NNN lease.

Where is this flex space located?

The property is located at 373 Highland Ave Salem, MA.

What is the lease rate?

The lease rate is $15 SF/Yr.

What are key features of this property?

This property features: 20,000 SF new street‑level industrial space built in 2023; 12' clear height with clean industrial space and freight elevator to lower‑level docks; Includes common areas: kitchen/dining, ADA restrooms, and an employee locker room

373 Highland Ave, Salem, MA 01970

COMMERCIAL - Salem, MA

Property Features for 373 Highland Ave

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Lease

Renovated Retail/Office Space

High-Exposure Retail/Wholesale/Fitness Space

Downtown Salem Office Space

Flex Space at Enterprise Center

Downtown Salem Office Suite

Retail Space on Derby Street

Multi-Level Retail or Office Space

Downtown Salem Office Space Available

Downtown Salem Office Space

Downtown Salem Office Space Available

Downtown Salem Retail/Office Space

Downtown Salem Office Suite

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