4 Technology Way Salem, MA 01970
- Manufacturing properties
- 81,244 SF
- 4.75 lot acres
Current Use by Public Records
- Commonwealth Diagnostics International, Inc. / Laboratory / Diagnostic Center
- USBCapital / Biotechnology Company / Professional Services
- Genoskin Inc (USA) / Research Institute
- iHisto INC / Laboratory
- Diagnostics For All / Laboratory
Property Details for 4 Technology Way
- Year built
- 2012
- Construction
- STEEL FRAME
- Lot size
- 4.75 lot acres
- Property size
- 81,244 SF
- Zone code
- BPD
- Property type
- Manufacturing properties
- APN
- SALE M:07 L:0087
- APU
- SALEM07L0087
Description
This exceptional 86,000-square-foot industrial property, located at 4 Technology Way in Salem, Massachusetts, presents a unique investment opportunity. Situated on a generous 4.75-acre lot in Essex County, the property boasts a flexible layout ideal for research and development or other industrial uses. Currently, 15,000 square feet of space is available for lease within this single-tenant building. The building features impressive ceiling heights ranging from 11 feet 6 inches to 13 feet, providing ample vertical space for various operational needs. Ample parking is available with 100 spaces, providing a ratio of 1.66 spaces per 1,000 square feet. The property is equipped with robust power capabilities, including 1800 amps at 480 volts, 3-phase, 3-wire service. Its location in Salem, MA, zip code 01970, offers convenient access to major transportation routes and a skilled workforce. This property is perfect for a company seeking a modern, well-equipped industrial space with significant expansion potential. The existing infrastructure and substantial lot size allow for future development or modifications to suit specific business requirements. This is a rare opportunity to acquire a high-quality industrial property in a desirable location. Contact us today to learn more about this exceptional offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,615,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,275,000
- 6.5%
- $7,935,000
- 7%
- $7,615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,370,000
- Geo Method
- $8,115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,635,000
- Retail
- $9,030,000
- Mixed-Use
- $8,185,000
- Hospitality
- $8,040,000
- Educational
- $7,150,000
- Residential Income
- $7,380,000
- Energy
- $6,730,000
- Income-Based Land
- $8,800,000
- Food Service
- $8,750,000
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9252
- Latitude
- 42.4952
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
