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Witch City Mall 2 East India Sq
960 - 3,574 SF of Retail Space Available in Salem, MA 01970
Highlights
- Great high visibility location with heavy daytime foot traffic.
- Located in the heart of Salem's museum's district, close to walking tours, parks and Salem Visitor Center.
- Strategically located in the center of downtown Salem business district.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste 108 | 2,468-2,614 SF | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $67,964 /YR $5,664 /MO | Triple Net (NNN) | ||
| Ground, Ste 116 | 960 SF | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $24,000 /YR $2,000 /MO | Triple Net (NNN) |
Ground, Ste 108
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Private Restrooms
Ground, Ste 116
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Private Restrooms
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.
SITE PLAN
PROPERTY FACTS FOR 2 East India Sq , Salem, MA 01970
| Total Space Available | 3,574 SF | Gross Leasable Area | 120,000 SF |
| Min. Divisible | 960 SF | Total Land Area | 75.00 AC |
| Property Type | Retail | Year Built/Renovated | 1981/1998 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 8.6/1,000 SF |
| Total Space Available | 3,574 SF |
| Min. Divisible | 960 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 120,000 SF |
| Total Land Area | 75.00 AC |
| Year Built/Renovated | 1981/1998 |
| Parking Ratio | 8.6/1,000 SF |
About the Property
Witch City Mall is a one of a kind property located in downtown Salem. The mixed-use property has the flexibility as a business and retail center. The diverse tenant mix is well rounded. Here you will find a charter school, movie theater, multiple restaurants and retail stores, nail salon, attractions including an escape room and haunted house, Salem themed walking tours, business offices, and a community center. Don't miss out on this great opportunity to lease space from 600 to 20,000 square feet.
- Atrium
- Courtyard
- Metro/Subway
- Property Manager on Site
- Restaurant
- Signage
- Signalized Intersection
- Kiosk/Cart Space
- Enclosed Mall
Nearby Major Retailers
Presented by
Witch City Mall | 2 East India Sq
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