Salem Office with Mahogany
For Lease
$19 SF/Yr
40 Boston Street, Salem, MA 01970
Versatile office space with high visibility and attractive signage.
Space SizeContact for details
Days on Market228
Property Features for 40 Boston Street
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,450
Building Details
Year Built
1900
Listing Agency:
LandVest, Inc.
(617) 723-1800
Listed By:
David Killen
Source:
Corcoran
Added: Dec 30, 2025
Changed: Aug 8
Last Checked: Jul 16 at 6:03PM
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 LandVest, Inc.
Investment Insights
Based on property information with market context.
Located at 40 Boston Street, this office space is available for lease. The single-story, freestanding building features a versatile layout that includes 4 private offices, a reception area, a half bath, and a full bath with quality finishes. Originally built as an attorney's office, the space retains mahogany trim and interior doors. Abundant natural light fills the interior rooms through large windows and multiple interior transoms. The property also includes a full basement, offering the possibility of additional space and storage. Situated near the lighted intersection of Boston Street and Bridge Street, the property benefits from a high-visibility location and attractive signage possibilities. The space was recently used as a media and print shop.
Key Highlights
- High visibility location near a lighted intersection.
- Versatile layout with 4 private offices, reception area, half bath, and full bath.
- Attractive signage possibilities.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
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
$19.87 /SF/Yr
Avg Asking Price
$15–$29 /SF/Yr
Price Range
21,416 SF
Avg Space Size
This space is priced 4% below the average of $19.87 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Versatile office space with high visibility and attractive signage.
Where is this office units located?
The property is located at 40 Boston Street Salem, MA.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: High visibility location near a lighted intersection.; Versatile layout with **4 private offices, reception area, half bath, and full bath.**; Attractive signage possibilities.
