$3,495,000
Active296 & 288 Highland Ave
Salem, MA, 01970
Commercial · MLS #73517059
Days on market
New today
Lot size
12.25 ac
12.25 acres
Lot
About this home
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.
Property details
- Parking
- 21+ Spaces, Paved Driveway, Permeable Pavement
Listed by Doug Martin · Keller Williams Realty - Londonderry
Schedule a showing
296 & 288 Highland Ave
Estimated payment
$22,624 / month
Loan term
- Principal & interest
- $17,673
- Property tax
- $3,495
- Home insurance
- $1,456
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).