Shopping Center

Salem, CT Shopping Centers for Lease

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Retail Space in Salem Center
Updated: Feb 7, 2025
Retail Space in Salem Center

1 New London Road #23, Salem, CT 06420

$1,600/Mo
19,159 sqft
Located in the revitalized Salem Town Center with extensive renovations including a new parking lot, roof, A/C units, paint, and irrigation system.
Anchored by established businesses such as Dunkin' Donuts and Subway.
High‑traffic location on Route 85 (New London Rd.).
Substantial property size of 20.60 acres.
Ample parking with 75+ spaces.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Salem, CT, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities

Shopping centers for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Retail Spaces in Shopping Center
Retail Spaces in Shopping Center

351 North Frontage Road, New London, CT 06320

Contact for pricing
4,068 sqft

Retail spaces available in New London shopping center.

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Grocery-Anchored Retail Shopping Center
Grocery-Anchored Retail Shopping Center

90 Halls Road, Old Lyme, CT 06371

Contact for pricing
947 sqft

Grocery-anchored shopping center with dedicated parking, positioned on heavily traveled Route 1.

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Grocery-Anchored Retail Shopping Center
Grocery-Anchored Retail Shopping Center

90 Halls Road, Old Lyme, CT 06371

Contact for pricing
750 sqft

Grocery-anchored shopping center on Route 1 with dedicated parking and strong current occupancy.

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ShopRite-Anchored Retail Mall
ShopRite-Anchored Retail Mall

351 N Frontage Rd, New London, CT 06320

Contact for pricing
1,071 sqft

Retail space available within a ShopRite-anchored mall off I-95 featuring tenants including Marshalls and HomeGoods.

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Salem, CT Shopping centers Lease Rates & Market Statistics

Explore 1 Shopping centers listing for lease in Salem, CT on Realmo, a commercial real estate exchange covering the Salem area. The current inventory totals 19,159 square feet of properties.

Asking lease rates for Shopping centers in Salem start at $1.00 SF/Yr, average $1.00 SF/Yr, and reach $1.00 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $1.00 SF/Yr is 94% below the Connecticut state average of $16.95 SF/Yr.

Salem accounts for 6% of the 18 shopping centers currently available across New London County, where nearby markets include Old Lyme and Groton. Shopping centers are one of the more limited space types in Salem, with just 1 listing currently available — a scarcity worth factoring into lease negotiations.

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