240 Salem St Woburn, MA 01801-2029
Property profile & analytics
240 Salem St Woburn, MA 01801-2029
- Life science properties
- 20,130 SF
- 3.62 lot acres
Property ID
US38-0980876
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Life science properties
Property Details for 240 Salem St
- Year built
- 1999
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.62 lot acres
- Property size
- 20,130 SF
- Zone code
- I-P
- Property type
- Life science properties
- APN
- WOBU M:37 B:05 L:07 U:00
- APU
- WOBUM37B05L07U00
Description
This exceptional 20,130-square-foot industrial property, located at 240 Salem Street in Woburn, Massachusetts, presents a significant opportunity for businesses seeking a versatile and spacious facility. The property is currently vacant and available for immediate lease, offering a single-tenant occupancy in a prime Middlesex County location. The building boasts a flexible layout suitable for manufacturing or flex-use operations, featuring high ceilings ranging from 18 to 21 feet, providing ample vertical space for various industrial needs. Convenient loading operations are facilitated by two loading docks, ensuring efficient material handling. Ample parking is available with 54 spaces provided for employees and visitors. The property's classification as both manufacturing and flex space allows for a wide range of potential uses, catering to diverse business requirements. Its strategic location in Woburn, MA, zip code 01801, offers easy access to major transportation routes, enhancing logistical efficiency. This single-tenant building provides a unique opportunity to establish a significant presence in a thriving industrial area. The entire 20,130 square feet is available for lease, making it an ideal space for businesses seeking to expand or relocate. Contact us today to learn more about this exceptional property and schedule a viewing.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,695,000
Market price range: $1.68M - $5.42M -
Alternative Use
- Use
- Estimation
- R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
- $3,280,000 Current use
- RESTAURANT
- $5,845,000 Change: +78% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $5,665,000 Change: +73% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $5,575,000 Change: +70% Conversion: Difficult
- RETAIL STORES
- $5,425,000 Change: +65% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $4,640,000 Change: +41% Conversion: Difficult
- OFFICE BUILDING
- $4,250,000 Change: +29% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $3,835,000 Change: +17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Woburn
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1341
- Latitude
- 42.49
- 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
2024
$67,318
$702,400
$2,711,300
$3,413,700
-
$0.00
$0.00
$0.00
