New Industrial Space
For Lease
$15 SF/Yr NNN
373 Highland Ave #2, Salem, MA 01970
20,000 SF of new industrial space built in 2023.
Space SizeContact for details
Days on Market359
Property Features for 373 Highland Ave #2
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$80,224
Building Details
Year Built
2023
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Faulkner Commercial Group
Source:
Corcoran
Added: Sep 6, 2025
Changed: Aug 23
Last Checked: Aug 14 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
Available for lease is 20,000 square feet of new industrial space situated on the street level of a facility constructed in 2023. The space features a clean environment and includes a freight elevator providing access to lower-level docks. The interior offers a 12-foot clear height. Common area amenities include a kitchen and dining area, ADA-compliant restrooms, and an employee locker room. Abundant parking is available for employees. The lease is structured as NNN, with the tenant responsible for utilities and a proportionate share of NNN expenses in addition to the base rent. A 5-year lease term is preferred. The landlord is open to leasing additional space. Prospective tenants are encouraged to conduct thorough due diligence regarding all aspects of a potential lease.
Key Highlights
- New industrial space (20,000 sf) in a facility built in 2023.
- Freight elevator access to lower‑level docks.
- 12' clear height.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01970, MA
44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value
Market
Lease Benchmarks for Salem, MA
$17.01 /SF/Yr
Avg Asking Price
$12.78–$36 /SF/Yr
Price Range
10,235 SF
Avg Space Size
This space is priced 12% below the average of $17.01 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 20,000 SF of new industrial space built in 2023.
Where is this flex space located?
The property is located at 373 Highland Ave #2 Salem, MA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: New industrial space (20,000 sf) in a facility built in 2023.; Freight elevator access to lower‑level docks.; 12' clear height.
