Renovated Retail/Office
For Lease
$24.50 SF/Yr NNN
57 Loring Ave, Salem, MA 01970
Renovated, fully air-conditioned space with grade entry, ample parking, and multiple approved-use options.
Space SizeContact for details
Days on Market80
Property Features for 57 Loring Ave
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$30,356
Listing Agency:
The Drumlin Group Inc.
(617) 921-3020
Listed By:
Mark Shapiro
(617) 921-3020
Source:
Exprealty
Added: Jun 2
Changed: Aug 20
Last Checked: Aug 20 at 1:27PM
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 commercial suite offers an efficient, open layout with at-grade entry doors opening into a flexible main area. The space is described as fully air-conditioned, supporting a wide range of service and retail concepts. The owner also plans to furnish the space and install a new HVAC system, with restrooms and additional exterior renovations included in the scope of updates.
Located on a busy roadway at 57 Loring Ave in Salem, Massachusetts, the property is positioned in a residential growth area with over 750 new apartment units planned or under development. Visibility is supported by signage on the facade and a pylon sign, and the building provides ample parking for customers and staff.
The configuration and planned improvements make the property a practical fit for tenants seeking a ground-level, adaptable space for uses such as retail, restaurant, office, fitness, physical therapy, medical, or other compatible concepts. Triple net charges are currently estimated at $9.80 per square foot, and the building supports convenient on-site parking for day-to-day operations.
Located on a busy roadway at 57 Loring Ave in Salem, Massachusetts, the property is positioned in a residential growth area with over 750 new apartment units planned or under development. Visibility is supported by signage on the facade and a pylon sign, and the building provides ample parking for customers and staff.
The configuration and planned improvements make the property a practical fit for tenants seeking a ground-level, adaptable space for uses such as retail, restaurant, office, fitness, physical therapy, medical, or other compatible concepts. Triple net charges are currently estimated at $9.80 per square foot, and the building supports convenient on-site parking for day-to-day operations.
Key Highlights
- Renovated, fully air‑conditioned space with grade entry doors opening to an open area
- Located on a busy roadway and offers signage on the facade and pylon
- Ample parking available for customers and staff
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
$26.3 /SF/Yr
Avg Asking Price
$15–$33 /SF/Yr
Price Range
4,081 SF
Avg Space Size
This space is priced 7% below the average of $26.3 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Renovated, fully air-conditioned space with grade entry, ample parking, and multiple approved-use options.
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 $24.50 SF/Yr.
What are key features of this property?
This property features: Renovated, fully air‑conditioned space with grade entry doors opening to an open area; Located on a busy roadway and offers signage on the facade and pylon; Ample parking available for customers and staff
