New Industrial Space
For Lease
$15 SF/Yr
373 Highland Ave #2, Salem, MA 01970
20,000 SF of new industrial space built in 2023.
Property Size20,000 SF
Days on Market100
Property Features for 373 Highland Ave #2
General Information
Standard status
Active
Size
20,000 SF
Building Details
Year Built
2023
Listing Agency:
Keller Williams Realty
(978) 269-5445
Listed By:
Faulkner Commercial Group
(978) 269-5445
Source:
Liongatere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 29 at 1:28PM
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 a 20,000 square foot industrial space situated on the street level of a facility constructed in 2023. The space features a 12-foot clear height and includes access to a freight elevator that provides access to the lower-level docks. Common area amenities include a kitchen and dining area, ADA-compliant restrooms, and an employee locker room. Employee parking is abundant. 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 within the facility. The property is located at 373 Highland Ave #2, Salem, MA 01970.
Key Highlights
- New industrial space (20,000 sf) 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
$18.56 /SF/Yr
Avg Asking Price
$12.78–$36 /SF/Yr
Price Range
8,101 SF
Avg Space Size
This space is priced 19% below the average of $18.56 /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) built in 2023.; Freight elevator access to lower‑level docks.; 12' clear height.
