High-Ceiling Retail
For Sale
Contact for pricing
50 Grove St, Salem, MA 01970
First-floor retail space with high ceilings, abundant natural light, shared restrooms, and private sink.
Property Size5,500 SF
Price / SF$0.00
Days on Market56
Property Features for 50 Grove St
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
No
Amenities
private commercial sink
shared restrooms
on-site parking
commuter rail access
bus line access
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
The Drumlin Group Inc.
(978) 741-3696
Listed By:
Mark Shapiro
(617) 921-3020
Source:
Lockandkeyre
Added: Jul 21
Changed: Sep 13
Last Checked: Sep 13 at 9:38AM
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 The Drumlin Group Inc.
Investment Insights
Based on property information with market context.
For sale/lease retail storefront space offering primarily open first-floor layout designed to support a range of commercial uses. The space features high ceilings and significant natural light. Improvements include a private commercial sink, with shared restrooms provided in conjunction with an adjacent tenant. On-site parking is pro-rata/in-common.
The property is positioned at the intersection of Grove St., Harmony Grove Rd., and Mason St., providing visibility and exposure. Access is described from Rts. 128, 114, 107, and 1A.
The most recent named user was a light assembly operation, and prior to that the location was operated as a social club/function hall. Current deal structure is triple net, consisting of a proportionate share of RET, CAM, and building insurance, plus utilities.
The property is positioned at the intersection of Grove St., Harmony Grove Rd., and Mason St., providing visibility and exposure. Access is described from Rts. 128, 114, 107, and 1A.
The most recent named user was a light assembly operation, and prior to that the location was operated as a social club/function hall. Current deal structure is triple net, consisting of a proportionate share of RET, CAM, and building insurance, plus utilities.
Key Highlights
- 5,500 SF first‑floor retail/lease space with high ceilings and significant natural light
- Located at the intersection of Grove St., Harmony Grove Rd., and Mason St.
- Layout suited for various commercial uses, previously operated as a social club/function hall
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Shops & Services 32%
Dining 11%
Stop & Shop
Groceries
34,557 visits/mo
0.3 miles
Stop & Shop Gas
Shops & Services
9,428 visits/mo
0.4 miles
Shell
Shops & Services
8,999 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,770 visits/mo
0.2 miles
Public Storage
Shops & Services
946 visits/mo
0.2 miles
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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - First-floor retail space with high ceilings, abundant natural light, shared restrooms, and private sink.
Where is this retail space located?
The property is located at 50 Grove St Salem, MA.
What are key features of this property?
This property features: 5,500 SF first‑floor retail/lease space with high ceilings and significant natural light; Located at the intersection of Grove St., Harmony Grove Rd., and Mason St.; Layout suited for various commercial uses, previously operated as a social club/function hall
