Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Laboratory Diagnostic Center
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Corporate Office
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Research Institute
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Laboratory
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Laboratory
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Intent of this To promote Business Park Development Uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
BPD · Salem, MAThe Intent of this To promote Business Park Development Uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Intent of this To promote Business Park Development Uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BPD in Salem, MA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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