Renovated Flex Retail
For Lease
$24 SF/Yr NNN (Triple Net)
57 Loring Ave, Salem, MA 01970
Renovated, air-conditioned space with at-grade entry, signage, and ample parking on a busy roadway.
Space SizeContact for details
Property Size44,500 SF
Days on Market69
Property Features for 57 Loring Ave
General Information
Standard status
Active
Size
44,500 SF
Zoning
R1
Taxes and HOA fees
Annual Taxes
$30,356
Building Details
Building Size
44,500 SF
Year Built
1984
Listing Agency:
The Drumlin Group Inc.
(978) 741-3696
Listed By:
Mark Shapiro
Source:
413realestate
Added: Jun 4
Changed: Aug 8
Last Checked: Jul 20 at 4:06AM
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.
This renovated, fully air-conditioned space is laid out with at-grade entry doors opening into a single open area, providing a flexible interior layout for a range of concepts. The owner is planning to furnish the space and install a new HVAC system, add restrooms, and complete exterior building renovations.
The property is located on a busy roadway in a neighborhood that is adding over 750 new apartment units, supporting steady local foot traffic and customer activity. The building offers ample parking for patrons and staff, along with signage on both the facade and a pylon for visibility from the road.
The configuration and condition make the suite suitable for tenants in retail, restaurant, office, fitness, physical therapy, medical, or other similar service-oriented uses. With planned upgrades that include HVAC, restrooms, and exterior improvements, the space can be positioned for a polished customer experience from day one. Triple net charges are currently estimated at $9.80 per sq. ft., and the asking structure is for a for-rent transaction.
The property is located on a busy roadway in a neighborhood that is adding over 750 new apartment units, supporting steady local foot traffic and customer activity. The building offers ample parking for patrons and staff, along with signage on both the facade and a pylon for visibility from the road.
The configuration and condition make the suite suitable for tenants in retail, restaurant, office, fitness, physical therapy, medical, or other similar service-oriented uses. With planned upgrades that include HVAC, restrooms, and exterior improvements, the space can be positioned for a polished customer experience from day one. Triple net charges are currently estimated at $9.80 per sq. ft., and the asking structure is for a for-rent transaction.
Key Highlights
- Year built 1984 for renovated, air‑conditioned space with at‑grade entry doors into an open area
- Fully air‑conditioned interior with an open area layout suitable for retail, restaurant, office, fitness, physical therapy, or medical use
- Located on a busy roadway in a neighborhood adding over 750 new apartment units
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
526
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
$24.44 /SF/Yr
Avg Asking Price
$15–$33 /SF/Yr
Price Range
4,166 SF
Avg Space Size
This space is priced 2% below the average of $24.44 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Renovated, air-conditioned space with at-grade entry, signage, and ample parking on a busy roadway.
Where is this retail space located?
The property is located at 57 Loring Ave Salem, MA.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Year built 1984 for renovated, air‑conditioned space with at‑grade entry doors into an open area; Fully air‑conditioned interior with an open area layout suitable for retail, restaurant, office, fitness, physical therapy, or medical use; Located on a busy roadway in a neighborhood adding over 750 new apartment units
