Marblehead, MA Commercial Real Estate for Sale and Lease

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What to Expect

This bustling Essex County town is 10 miles northeast of Boston and has a population of approximately 19,800. Whether you're seeking businesses for sale, commercial investment properties or office, industrial or retail space, the fastest way to find what you need is by availing yourself of our considerable resources.

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With 19,808 people living on 4.4 square miles of land, this town in Essex County, Massachusetts has a high urban density near miles of pristine shoreline. With a sheltered harbor formed in part by a rocky peninsula and a sandbar, the area is a haven for tourists and other visitors who love gorgeous natural scenery. The city, which is only 16 miles from downtown Boston, is made up of three villages: Old Town, Clifton, and Marblehead Neck. Investors who wish to create projects that capitalize on the beauty of the area are advised to monitor the property listings in this city, which offer occasional opportunities for redevelopment.

In addition to its miles of coastline, the area also has several islands in Massachusetts Bay, including Tinkers Island, Children’s Island, and Marblehead Rock. Public green space and recreation areas are available along the banks of the Forest River, as well as a bird sanctuary and numerous ponds and parks throughout the region, including Castle Rock Park and the Pleon Yacht Club.

Those who travel by car can reach the town via Route 129 and Route 114. The MBTA Commuter Rail line is located outside of town in neighboring Salem, while several bus routes within the area are provided by the MBTA.

Partly because of the high density of the region and its proximity to a major metropolis, parcels of undeveloped commercially zoned land are rare. However, the increasing interest in this region will likely lead to more redevelopment projects in the future. Investors are recommended to continue to monitor all listings.

Office Space Market

Multi-story buildings, many of them located in charming urban settings close to restaurants and civic spaces, make up the bulk of the office space market in this town. The property at 17-21 Essex Street is a three story brick and clapboard building built in 1940. The ground floor has exquisite, welcoming display windows while the second floor boasts multiple office units that have the option of being converted into residential suites. The 4,433 square foot property features hardwood flooring and recently renovated spaces with recessed lighting and built-in reception areas. The sale list for this property is $769,000.

The two-story rectangular complex at 32 Tioga Way is located close to the Steer Swamp Conservation Area, and features 12 foot high ceilings with a flexible floor plan. The 10,000 square foot structure, which includes onsite parking, recently listed a 5,000 square foot unit for lease. The estimated rent for this property is $1.17 a square foot per month.

Meanwhile, the office building at 118 Pleasant Street has a bright, roomy interior offices with a shared hallway along the windowed corridor that faces the street. With 11,894 square feet of total space, the structure is perfect for sole proprietors seeking individual offices. Recent units put up for lease were sized at 105, 135, 158, and 255 square feet respectively. Built in 1940 across from the Warwick Theatre, this property has an estimated rent of $2.35 to $4.44 a square foot per month.

The property at 74 Atlantic Avenue has a total of 8,503 square feet of leasable space, and is located within easy walking distance of the waterfront. Built in 1900, the historic structure has three stories and an enclosed front entryway. Most of the offices have their own window, and the structure comes with its own parking lot. The units in this building are typically sized at around 200 square feet, making it ideal for small businesses looking for a lovely central location. The estimated rent for this property is $2.08 per square foot per month.

Investors who are seeking substantially more office space for their venture should investigate the property at 40 Tioga Way, which boasts an excellent downtown location and slightly larger office suites. With 35,456 total square feet available for lease, this modern brick and glass structure has a brick-paved courtyard, an entryway that leads into a central atrium, and professional office suites with private offices for department heads. The building also has conference room spaces. Built in 2002, the average suite size in this complex is 5,000 square feet, although smaller units are also available. The estimated rent for this property is $1.48 per square foot per month.

Retail Space Market

Investors will delight in the retail space market in this town, which features numerous spaces located on charming, highly trafficked streets in the center of downtown. The property at 100 Pleasant Street has a corner lot and an excellent storefront display space suited for general retail on the ground floor. With 13,089 total square feet of available space, the concrete masonry structure features a variety of different sizes of units on its three floors, ranging from 357 square feet to 1,000 square feet. Built in 1930, the property has been beautifully maintained, and has a small driveway that allows for temporary parking on the side. The estimated rent for this space is $1.11 to $2.79 a square foot per month.

The retail complex at 8-10 Atlantic Avenue features a solid brick exterior with enormous block-style storefront windows on the ground floor. With 5,558 square feet of total space, this structure is located in the heart of downtown on a two-lane street near several other retail businesses. Built in 1970, the structure has been maintained and features a mix of office and retail space. A 250 square foot unit in this building was recently put for lease. The estimated rent for this space is $3.40 per square foot per month.

The elegant structure at 237 Washington Street has a tall arching roof sheltering multiple stories of retail and office space. With 1,587 total square feet of leasable space, the structure has a balcony and is only blocks from the Atlantic Ocean. Built in 1978, the building has been wonderfully maintained, and offers bright, airy interiors lit by banks of storefront windows. The estimated rent for this space is $2.68 a square foot per month.

The yellow and white property at 22 Atlantic Avenue has 15,607 total square feet, which is divided into several smaller units for both office and retail purposes. The enormous, recently renovated windows on the ground floor overlook a busy street in downtown, while the second floor has a pleasing array of squarish windows. Built in 1963, a 850 square foot unit in this building was recently listed for lease. The estimated rent for this property is $1.00 per square foot per month.

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Commercial Property List