Flex Space at Enterprise
For Lease
$16 SF/Yr
71 Loring Ave 100, Salem, MA 01970
Flex commercial space suitable for office, assembly, and distribution.
Space SizeContact for details
Property Size8,000 SF
Lot Size31.90 Acres
Days on Market155
Property Features for 71 Loring Ave 100
General Information
Standard status
Active
Size
8,000 SF
Lot size
31.90 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$258,332
Building Details
Building Size
8,000 SF
Year Built
1936
Listing Agency:
The Drumlin Group Inc.
(617) 921-3020
Listed By:
Mark Shapiro · License #9010260
(617) 921-3020
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 5:17AM
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.
Unit 100 at The Enterprise Center (TEC) is available for lease, offering approximately 8,000 sq. ft. of flex commercial space suitable for various office, light assembly, receiving, and distribution uses. The property is located on the campus of Salem State University. The unit features three entrance points, including a set of double doors, and provides access to a shared loading dock with an enclosed shipping/receiving area. The floor plan is primarily open and contains one to two private offices, storage rooms, and a larger staging area or showroom. The ceiling height is approximately 10 to 11 feet. Shared restrooms are located in the common area adjacent to the space, with another set located down the hall. TEC offers ample non-reserved on-site parking. Tenants have access to an in-house kitchenette, a break room/lounge, conference rooms, and a training facility. The base rent is net of utilities (electric & gas) and real estate taxes.
Key Highlights
- Flexible commercial space suitable for office, light assembly, receiving & distribution uses.
- Access to shared loading dock with enclosed shipping/receiving area.
- Located on the campus of Salem State University.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Under-served
Demand for This Use
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
$17.37 /SF/Yr
Avg Asking Price
$12.78–$36 /SF/Yr
Price Range
10,547 SF
Avg Space Size
This space is priced 8% below the average of $17.37 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Dinner Pleasures — 14 Hersey St, Salem, MA 01970
Frequently Asked Questions
What type of property is this?
Flex space - Flex commercial space suitable for office, assembly, and distribution.
Where is this flex space located?
The property is located at 71 Loring Ave 100 Salem, MA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Flexible commercial space suitable for office, light assembly, receiving & distribution uses.; Access to **shared loading dock with enclosed shipping/receiving area.**; Located on the campus of Salem State University.
