Downtown Salem Retail/Office
For Lease
$28 SF/Yr
Pending
75 Washington St, Salem, MA 01970
Prime retail/office location in downtown Salem with high visibility.
Space SizeContact for details
Days on Market167
Property Features for 75 Washington St
General Information
Standard status
Pending
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$71,267
Building Details
Year Built
1882
Listing Agency:
The Drumlin Group Inc.
(978) 741-3696
Listed By:
Mark Shapiro
Source:
Corcoran
Added: Mar 1
Changed: Aug 8
Last Checked: Jul 16 at 1:55AM
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 street-level retail/office space is located in downtown Salem, offering high visibility and exposure. The property is a short walk from the commuter rail, City Hall, County Courts, restaurants, lodging, municipal surface parking lots, and a garage. It is suitable for various commercial uses, including restaurant/food service, specialty store/boutique, health care, and professional office. The space features high ceilings, a kitchenette, a full usable basement, and multiple restrooms on both floors. Rear access points open onto a courtyard. The current layout is configured as an office, but it can be reconfigured to an open floor plan. The deal structure is triple net. The property will be available on May 1, 2026.
Key Highlights
- Premier street level retail/office location in downtown Salem with superb visibility and exposure.
- Short walk to commuter rail, City Hall, County Courts, restaurants, lodging, and municipal parking.
- Suitable for numerous commercial uses (restaurant/food service, retail, healthcare, office).
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,708
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
$24.82 /SF/Yr
Avg Asking Price
$15–$33 /SF/Yr
Price Range
3,973 SF
Avg Space Size
This space is priced 13% above the average of $24.82 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail/office location in downtown Salem with high visibility.
Where is this retail space located?
The property is located at 75 Washington St Salem, MA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Premier street level retail/office location in downtown Salem with superb visibility and exposure.; Short walk to commuter rail, City Hall, County Courts, restaurants, lodging, and municipal parking.; Suitable for numerous commercial uses (restaurant/food service, retail, healthcare, office).
