617-921-3020
50 Grove St, Salem, MA for Rent

$13.50 USD /SF/yr

Flex - For Rent
1/19
5,500 SF | 1 Space

50 Grove St
Salem, MA 01970
North Salem


OVERVIEW

The property offers superb visibility and exposure at the intersection of Grove St., Harmony Grove Rd., and Mason St., not far from the Peabody city line.The real estate is accessible from Rts. 128, 114, 107, and 1A., gateways to the entire North Shore. The site is a short drive to Downtown Salem, Essex County Courts, Salem Commuter Rail Station, T Bus Lines, Salem Hospital, Salem State University, and the Peabody Essex Museum. Restaurants, lodging, historical, entertainment, and cultural venues are in close proximity as well. 5,500+/- sq. ft. open floor plan featuring high ceilings and an abundance of natural light. The layout is suitable for various commercial uses including: light assembly, gallery, showroom, maker space, creative studio, and multiple office types. The unit offers a private commercial sink, shared restrooms with the adjacent tenant, and pro-rata/in-common on-site parking. The open ceiling and ductwork truly highlight the industrial feel. Receiving and distribution can be made via two sets of double doors and ramp at main entrance. Prior to the previous light industrial tenant, the premises was operated as a Social Club and Function Hall. Deal structure is triple net. RET, CAM, and Bldg. Ins. costs are currently estimated at $4.00 per sq. ft. Tenant is responsible for its own utilities.

RENTAL DETAILS

SPACE AVAILABLE

5,500 SF

# OF SPACES

1

RENT/MONTH

$6,188 USD /mo

RENT RATE (MO)

$1.13 USD /SF/mo

RENT RATE (YR)

$13.50 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

32,000 SF

BUILDING CLASS

C

YEAR BUILT

1910

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.77998 AC

LAND SF

77,536.016 SF

ZONING

BP

ASK ABOUT THIS PROPERTY

Mark ShapiroDrumlin Group IncMore Info
617-921-3020

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Mark ShapiroDrumlin Group IncMore Info
617-921-3020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.