9 Northwestern DrSalem, NH 03079

Property Details for 9 Northwestern Dr

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.10 AC

Property size (Sq ft)

43,680 SF

Zone code

IND

Property type

Industrial properties

APN

SLEM M:95 B:10591 L:

APU

SLEMM95B10591L

Description

This exceptional 21,333-square-foot industrial flex/warehouse space at 9 Northwestern Drive in Salem, NH, is now available for lease. Built in 2024, this two-story building offers a minimum divisible space of 4,500 square feet, with the entire 21,333 square feet available contiguously. The property boasts impressive features including a 16-foot ceiling height, three loading docks, and robust 2000-amp power. The building is zoned for Park Industrial use and features nicely landscaped grounds with ample free on-site parking. Its strategic location offers easy access to Interstate 93 (Exit 2), less than 0.9 miles away, providing convenient access to both Massachusetts and major transportation hubs. The property is approximately 3.5 miles from the Massachusetts border, a 23-minute drive to Manchester-Boston Regional Airport, and 37 miles to Boston-Logan International Airport. Salem, NH offers a business-friendly environment and is situated in a desirable suburban setting with nearby amenities including hotels. This property is ideal for businesses seeking a modern, efficient, and strategically located industrial space in New Hampshire. The entire space is currently vacant and ready for immediate occupancy. The property's state-of-the-art infrastructure and convenient location make it an attractive option for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $16,113,400

  6.5%

  $14,873,900

  7%

  $13,811,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,131,570

  Geo Method

  $9,131,570

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $7,627,260

  Mixed-Use / Specialty

  $7,600,060

  Hospitality / Lodging

  $5,575,920

  Office

  $7,554,910

  Institutional / Educational

  $7,901,000

  Residential Income

  $9,244,180

  Multifamily

  $11,087,000

  Automotive / Energy

  $6,772,290

  Parking / Income-Based Land

  $2,337,030

  Restaurant / Food Service

  $3,952,850

  Healthcare / Senior Housing

  $7,793,720

Location Insight

City

Salem

County

Rockingham

State

New Hampshire

Latitude

42.7738

Longitude

-71.2606

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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