38 Swampscott Road in Salem offers a turnkey ±19,200 SF facility (divisible to ±3,000 SF) ideal for fitness, wellness, medical-adjacent, or flex retail users. Formerly a full-service gym, the space features open training floors, private studios, locker rooms, and offices, significantly reducing upfront capital costs. Located near the rotary with immediate access to Route 1, I-95, and Route 128, the property provides excellent visibility, ample parking, and proximity to major retailers like Target and Whole Foods. The surrounding North Shore market serves an affluent, health-conscious demographic of 44,200 residents with a median household income of $85,000. The space is move-in ready with high ceilings and strong signage opportunities. Market lease rates are estimated between $16.00–$20.00 NNN per square foot, offering a below-replacement-cost opportunity for immediate operational scale.