Renovated Mixed-Use Retail
For Lease
$24 SF/Yr NNN
57 Loring Ave, Salem, MA 01970
Renovated at-grade retail suite with an open entry area, ample parking, and facade plus pylon signage.
Space SizeContact for details
Property Size44,500 SF
Days on Market90
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:
Insightrealtygroup
Added: Jun 2
Changed: Aug 15
Last Checked: Aug 29 at 5:47AM
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 retail suite offers at-grade entry doors that open into a spacious, open interior area. The property is presented as a flexible option suitable for a range of uses, including retail, restaurant, office, fitness, physical therapy, and medical. The owner plans to furnish the space and install a new HVAC system, along with adding restrooms and completing exterior building renovations.
The property is located on a busy roadway in a neighborhood that is adding over 750 new apartment units. The building offers ample parking and features both facade and pylon signage, supporting visibility from the street.
Triple net charges are currently estimated at $9.80 per square foot.
The property is located on a busy roadway in a neighborhood that is adding over 750 new apartment units. The building offers ample parking and features both facade and pylon signage, supporting visibility from the street.
Triple net charges are currently estimated at $9.80 per square foot.
Key Highlights
- Year built 1984 renovated at‑grade retail suite with an open entry area
- Air‑conditioned space with at‑grade entry doors leading into an open area
- Ample parking available on‑site
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
$27.31 /SF/Yr
Avg Asking Price
$24–$33 /SF/Yr
Price Range
8,810 SF
Avg Space Size
This space is priced 12% below the average of $27.31 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Renovated at-grade retail suite with an open entry area, ample parking, and facade plus pylon signage.
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 renovated at‑grade retail suite with an open entry area; Air‑conditioned space with at‑grade entry doors leading into an open area; Ample parking available on‑site
