High-Ceiling Flex
New
For Lease
$14 SF/Yr NNN
50 Grove St, Salem, MA 01970
First-floor space combines an open layout with natural light and access to shared restrooms and on-site parking.
Space Size5,500 SF
Days on Market6
Property Features for 50 Grove St
General Information
Standard status
Active
Size
5,500 SF
Net Rentable
5,500 SF
Zoning
BPD, Legal Conforming
Lease Type
NNN
Space & Availability
Available Space
5,500 SF
Contiguous Space
5,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$37,749
Building Details
Building Size
5,500 SF
Year Built
1910
Listing Agency:
Bostonia Properties
(617) 738-7000
Listed By:
Kate Duggan · License #144768
(617) 418-9882
Source:
Bostoniaproperties
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:37PM
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 Bostonia Properties
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Investment Insights
Based on property information with market context.
This 5,500-square-foot flex space occupies the first floor of a building constructed in 1910. Its largely open layout, high ceilings, and natural light support a range of commercial configurations. The premises include a private commercial sink, with restrooms shared with the adjoining tenant. On-site parking is shared on a pro-rata basis. The lease is structured as NNN, with utilities paid separately; zoning is BPD, Legal Conforming.
Access is available from Routes 128, 114, 107, and 1A. The Commuter Rail station and T Bus line are roughly a 15–20-minute walk away. The space was most recently used for light assembly, following an earlier period as a social club and function hall.
Access is available from Routes 128, 114, 107, and 1A. The Commuter Rail station and T Bus line are roughly a 15–20-minute walk away. The space was most recently used for light assembly, following an earlier period as a social club and function hall.
Key Highlights
- 5,500 square feet of first‑floor flex space
- Open layout with high ceilings and natural light
- Private commercial sink; restrooms shared with adjacent tenant
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Lease Benchmarks for Salem, MA
$14.76 /SF/Yr
Avg Asking Price
$12.78–$16 /SF/Yr
Price Range
13,479 SF
Avg Space Size
This space is priced 5% below the average of $14.76 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- A La Carte Parties & Catering — 12 Harris St, Peabody, MA 01960
- Oh Jolie Catering — 76 Walnut St #1B, Peabody, MA 01960
- Ken Rothwell's Custom Catering — 7 Franklin St # 6, Salem, MA 01970
- Ezatique Femme Africaine Femme active — 7 Mcintyre Ct, Peabody, MA 01960
- Hungry Nomads Boston — 71 Wallis St, Peabody, MA 01960
Frequently Asked Questions
What type of property is this?
Flex space - First-floor space combines an open layout with natural light and access to shared restrooms and on-site parking.
Where is this flex space located?
The property is located at 50 Grove St Salem, MA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 5,500 square feet of first‑floor flex space; Open layout with high ceilings and natural light; Private commercial sink; restrooms shared with adjacent tenant
