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38 Swampscott Rd
Salem, MA 01970 South Salem

Rate Upon Request

Self Storage For Lease  •  5,000+ SF

Property Details

  • Property Type Self Storage
  • Year Built 1988
  • Total Building Size 133,080 SF
  • Building Class B
  • Zoning BPD
25 Transit Score
55 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Office 5,000-19,200 SF Rate Upon Request 
This ±19,200 SF former full-service gym space is now available for immediate occupancy. The facility features an efficient rectangular layout with strong clear spans and high ceilings, providing large open training floors ideal for weights, cardio, turf, or group classes.

The space is fully equipped with existing specialty areas, including a spin studio, boxing area, private training rooms, and fitness studios. It also includes fully built-out locker rooms for men and women, a front desk/reception area, a management office, and support spaces. The interior is finished with durable gym-grade flooring and benefits from excellent natural light.

The property offers ample on-site parking and prominent signage along Swampscott Road. Please note that the space is divisible to suit your specific requirements.

  • Date available: TBD
  • Lease term: Negotiable
  • Service type: Full Service Gross
  • Space Type: Relet

Description 

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.

Property Flyers

Amenities

  • Property Manager on Site
  • Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Swampscott (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 6 min - 2.2 mi
Salem (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 6 min - 2.9 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 23 min - 12.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Anica Petkovic 415-439-0335 Innovation Properties Group, Inc.
Anica Petkovic 415-439-0335 Innovation Properties Group, Inc.