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2-26 Front St
925 - 2,125 SF of Space Available in Salem, MA 01970
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 12 | 925 SF | Negotiable | $36.66 /SF/YR $3.06 /SF/MO $33,911 /YR $2,826 /MO | Triple Net (NNN) | ||
| 3rd Floor, Ste 305 | 1,200 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $21,600 /YR $1,800 /MO | Plus Electric |
1st Floor, Ste 12
Outstanding retail leasing opportunity in historic downtown Salem. The 925 sq. ft. storefront features an open floor plan, exposed brick, wood beam ceiling, and attractive display windows. 12 Front St. boasts exceptional foot traffic and nearby parking options. *Restrooms are located in common area/hallway of 2nd floor walk-up and are for employees only.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Located in-line with other retail
3rd Floor, Ste 305
3rd floor, 1,200 sq. ft. walk-up office featuring exposed bricks, wooden beams, and skylights. Suite 305 overlooks Front St. and walk-way in the rear. The space contains a reception area, three large private offices, an IT Room, and storage.
- Listed lease rate plus proportional share of electrical cost
- Fully Built-Out as Standard Office
- Office intensive layout
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 2-26 Front St , Salem, MA 01970
| Property Type | Retail | Gross Leasable Area | 24,000 SF |
| Property Subtype | Storefront Retail/Office | Year Built/Renovated | 1880/1995 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 24,000 SF |
| Year Built/Renovated | 1880/1995 |
About the Property
Prime mixed-use property in the heart of downtown Salem. Front St. runs parallel to Essex and Derby Sts. and connects Lafayette and Washington Sts. The historic thoroughfare is home to boutiques, restaurants, and offices. Old Town Hall and Derby Square, both major focal points in the city, are adjacent to the property, and are accessible directly from the street. There is street parking, a public lot on the opposite side of Front St., and two municipal garages nearby. Walk to the commuter rail, lodging, restaurants, County Courts, City Hall, the PEM, historical sites, and attractions.
Nearby Major Retailers
Presented by
Drumlin Group Inc
2-26 Front St
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