11 Northeastern BlvdSalem, NH 03079

For Lease
  • Industrial properties
  • 113,388 SF

Property Details for 11 Northeastern Blvd

Year built
1997
Construction
STEEL FRAME
Lot size
16.28 AC
Property size (Sq ft)
113,388 SF
Zone code
CIB
Property type
Industrial properties
APN
SLEM M:87 B:11833 L:
APU
SLEMM87B11833L

Description

This exceptional three-story office building, totaling 114,000 square feet, presents a unique investment or leasing opportunity in Salem, New Hampshire. Located at 11 Northeastern Boulevard, this single-tenant property boasts a prime location just off Exit 2 of Interstate 93, offering convenient access to both Interstate 495 (8.3 miles) and the Massachusetts border (3.6 miles). The building, constructed in 1997, features high-end finishes and abundant natural light thanks to its expansive window line. Situated on a beautifully landscaped 18.2-acre campus, the property provides ample parking with 431 spaces. Building amenities include a state-of-the-art UPS system, backup generators, redundant fiber optic connectivity, and secure card key access. The surrounding area offers a wealth of amenities, including hotels, restaurants, fitness centers, conference facilities, and a variety of retail and financial services. This property is ideal for a company seeking a prestigious and functional headquarters or a savvy investor looking for a high-quality asset in a strategic location. The entire 114,000 square feet is currently vacant, presenting a blank canvas for a new tenant to customize.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $21,457,444
    Hospitality
    $19,654,904
    Educational
    $16,352,649
    Medical
    $16,915,042
    Retail
    $25,437,454
11 Northeastern Blvd, Salem, New Hampshire
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Location Insight

City
Salem
County
Rockingham
State
New Hampshire
Latitude
42.7839
Longitude
-71.2517
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$199,775
$2,440,100
$9,339,100
$11,779,200
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