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296 & 288 Highland Ave, Salem, MA 01970

$2,995,000
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Active Price Reduced $500,000 on June 10th, 2026
SQUARE FEET5,483 MLS#73517059
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Exceptional investment / redevelopment opportunity with outstanding visibility on busy Highland Ave. The property is approved for AUTO BODY USE -a highly sought-after & difficult-to-obtain approval & is ideal for auto sales, service, repair, or collision operations.This unique offering includes 2 commercial lots with over 200 ft of frontage in a high-traffic retail corridor.The primary retail parcel features a 4,488 SF automotive facility equipped with 6 service bays, 4 lifts, showroom space, managers office, parts & stock rooms, customer waiting area, security system. Also included are approximately 12 acres of residential land located behind the main commercial site, offering significant future development potential.The second parcel includes a small residential structure situated on commercially zoned land, presenting excellent redevelopment possibilities.Strategically located alongside major national retailers and traffic generators w/ more than 35,000 vehicles per day.

296 & 288 Highland Ave | MLS# 73517059

This commercial property located at 296 & 288 Highland Ave, Salem, MA 01970 is currently listed for sale with an asking price of $2,995,000. Search Salem real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 12.25 Acres
Taxes: $39,693
Year Built: 1950

Feature Descriptions

Building Area Total: 5483
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 35
Rental Term: Monthly
Utilities: Public Water, Public Sewer

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty - Londonderry
Agent Name: Doug Martin
Agency Phone: 603-965-2992

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