NE Provenance

516 Loring Ave

Salem, MA 01970

Commercial
Owner
Dud...
Owner Type
Trust
Tenure
26 yrs
Assessed
$1,389,200
Built
1950
Sq Ft
7,203
Lot
0.63 ac
Bed/Bath
—/5
Type
Commercial
Elevated Risks17ConditionC1Fire GradeCPermits8Last PermitNov 2024FloodX

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516 Loring Ave, Salem, MA 01970— Property Report

Building& Property Details

516 Loring Ave is a Warehouse commercial built in 1950 located in Salem, Essex County, MA. The building has 7,203 square feet of building area on a 0.63-acre lot. The building has 5 bathrooms across 1 story.

Flood Zone & Natural Hazard Assessment

516 Loring Ave is in FEMA flood zone X. Zone X is outside the Special Flood Hazard Area, meaning the property has minimal flood risk according to FEMA mapping. The FEMA National Risk Index composite rating for this area is Relatively Low. The ASCE 7-22 design wind speed for this location is 123 mph. The ground snow load is 40 psf. The EPA radon zone is 1 (highest potential).

Fire Protection

NE Provenance rates the fire protection for 516 Loring Ave at Grade C (Adequate fire protection access). The nearest fire station, SALEM FIRE DEPARTMENT, is 1.1 miles away. This grade reflects fire station proximity, department capabilities, hydrant coverage, and municipal water infrastructure.

Building Permits & Property History

Municipal records show 8 building permits on file for 516 Loring Ave. The most recent permit was filed November 18, 2024. In the past five years, 6 permits have been issued. The current municipal assessment is $1,389,200, with $767,000 attributed to land and $622,200 to improvements. The deed history includes 1 recorded conveyance.

SalemNeighborhood & Community

516 Loring Ave is located in Salem, Essex County, MA. The property is zoned B2 (Business Highway). The median home value in this census tract is $460,600. Median household income is $73,465. The owner-occupancy rate in the surrounding area is 69%. The property is served by the Salem school district.

Full Property Intelligence Report

The complete NE Provenance report for 516 Loring Ave, Salem, MA includes over 430 data attributes sourced from 140+ public and proprietary datasets. The full report covers building construction and materials, NEP Condition Estimate derived from permit history, system ages for roof, electrical, plumbing, and HVAC, complete ownership and deed chain with transaction classification, FEMA flood and coastal hazard analysis, environmental contamination screening, and neighborhood demographics. Available as a professional property wallet, PDF report, or structured data export.