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5,483 sqft

$2,795,000

296 & 288 Highland Ave, Salem MA, 01970

Price per sqft$509.76
Built in1950
Property size5,483 sqft
Property typeCommercial

Overview

Active

Listed May 12, 2026

Updated 10 days ago

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-obtainThe primary retail parcel features a 4,488 SF automotive facility equipped with 6 service bays, 4 lifts, showroom space, manager’s 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.This property is also being offered for lease. Automotive facility (296 Highland Ave) is $15,000 per month modified gross. Add the residential home in for $20,000 per month.

Additional information

MLS® ID
73517059

Interior Features

Basement
No

Exterior Features

Lot Size
12.25 Acres

Other Property Details

Taxes
$39,693
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Doug Martin with Keller Williams Realty - Londonderry

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Data last updated 4:45 AM UTC, 9/4/2026

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