$14
8,501
Living Area
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Property Description
Lease rear section of high exposure property located on Highland Ave. (Rt.107) at First St., in Salem. The property sits adjacent to Market Basket and Target and is a mile from Salem Hospital/North Shore Children's Hospital. This section of the building contains 8,501+/- sq. ft. of mostly open, hi-bay, clear-span, space. It is suitable for numerous uses, including retail, wholesale, and fitness. Can potentially be converted to office, medical, educational, and service related businesses as well. There is plenty of on-site parking. Deal structure is triple net (NNN). Available now. Possible to combined with front section (Unit A) to create a total of 18,332+/- sq. ft.
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Highlights
- Acres: 3
- Property Class: Commercial Lease
- Year Built: 1970
- Parking Spots: 50
- Unit Number: B
- Status: Active
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Additional Details
- Zoning: B2
- Zoning Description: Legal Conforming
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Fees / Taxes
- Buyer Agent Compensation: 2%
- Tax Year: 2025
- Facilitator Compensation: 2%
- Taxes: $93,753
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