Marblehead Office Space

Leasing and Buying Office Space

Marblehead is one of the beautiful coastal New England towns in Essex County on the north shore of Salem Harbor and Massachusetts Bay. The community is the ideal location for business owners who want to expand or open a new location in proximity to Boston. The community is where the eastern sections of Routes 129 and 114 terminate at Ocean and Atlantic Avenues. Route 114 continues on to Salem, and Route 129 goes through Swampscott into Lynn, five miles from Boston. Route 128 is accessible in Beverly and Peabody.

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Bus service is available through MBTA bus lines that originate in the town center and provide service to Boston. Commuter rail service is available through the Newburyport/Rockport line of the MBTA which runs through Salem and Swampscott and runs through the Massachusetts North Shore and to North Station in Boston. Air service is available at the Beverly Municipal Airport and Logan International Airport in Boston. Seasonal ferry service is available in Salem.

Neighborhoods and Geographic Location

Marblehead's total mass is a total of 19.6 square miles, which mostly consists of water. Only 4.4 square miles is land mass. the peninsula extends out into the bay. The land mass extends around the deep harbor. The famous lighthouse, Castle Rock, and Chandler Hovey Park are at the northern edge of the town on the peninsula. The area is also the habitat of a bird sanctuary. A portion of the land mass consists of small islands scattered around Massachusetts Bay, in Dolliber Cove. The islands are between Fort Sewall and Peaches Point.

The Forest River divides a portion of the community from Salem. The town's four beaches are on the south shore of the community, in the harbor, and in Dolliber Cove. The three villages in this community are Clifton toward the southwest, Old Town to the southeast, and the Neck. The center of town is approximately six miles from Downtown Salem, 16 miles to the northeast of Boston, and 12 miles to the southwest of Cape Ann. The borders are Swampscott on the south and Salem on the northwest side. There isn't any connection to this town and Beverly which is across Beverly Harbor, because the water rights granted to Salem extend out into Massachusetts Bay.

Leasing Office Space

The median rate for leases in this community is $18, which is lower than the Greater Boston rate of $23. The high density of this community makes it unusual to large tracts of land to be available for lease. Most of the real estate on the market consists of multiple-story buildings of spaces of 800 square feet or more that are an excellent option for professionals including counselors, attorneys or accountants. One of the recent properties on Beringer Way has rates listed at $1,000 per month.

Properties on Sewall Street feature units that list for $2,000 per month in a building constructed in 1986, with enough room for six occupants. The size of the lot is 9,587 sq.ft. and the building has three stories. Atlantic Avenue is a prime location for properties to lease, all within walking distance of the waterfront.

One building constructed in 1900 features three stories and an enclosed front entrance. The units are suitable for small businesses who want a central location with a low lease rate. The estimate for units in this building is $2.08 per month and average 200 square feet. Another Atlantic Avenue property is the location for first-floor retailers with a space available on the second floor at $349.00 per month. The rental is ideal for a private suite.

Another complex on Atlantic Avenue was constructed in 1970, has display-style windows on the first level and is a mix of retail businesses and office suites. The buildings in this area are in the heart of Downtown on well-traveled streets with ample parking.

Buying Office Space

Although many of the units available are at the smaller end of the scale, investors searching for more units with more extensive square footage may be able to find just what they need in this community. Buildings on Tioga Way offer an exceptional downtown location. One of the newer buildings that was built in 2002, offers professional suites with private offices for executives. The contemporary style glass and brick building features a courtyard with brick paving. The entrance opens to a centralized atrium.

With more than 35,000 sq.ft of leasable area, this is an excellent opportunity for investors. The average suite is 5,000 sq.ft. with some smaller units in the complex. A new building at the entrance to Tioga Way Industrial Park features Class A conference rooms, suites, a kitchen, and ample parking off the street. Two and three-story, vintage buildings in the center of town are the ideal location for professional suites. A lot of the buildings are excellent choices for multi-use. The expansive, display windows on the ground level welcome customers into retail businesses, while the upper floors can accommodate small units and more spacious, professional suites.

Pleasant Street buildings have small offices along a central hallway and could be used for sole proprietorships or shared office spaces. Brick buildings on Essex Street date back to the 1940s. Investors can upgrade these structures and make them ready suitable for accountants, attorneys, or financial advisors.

Listing Office Space For Lease and Sale

Your search for office suites to lease and investment properties in this coastal community will be made easier when you sign up to get the latest listings from Boston City Properties. We have a massive database of properties all over Massachusetts with up-to-the-minute information on office suites and commercial investment properties. Use filters on our site to find the properties that interest you by price range, location or building size. When you narrow down your search, we'll put you in contact with real estate professionals familiar with the commercial market to assist you further.

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