aisellshomes.space

$3,495,000

Active

296 & 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, 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.

Property details

Parking
21+ Spaces, Paved Driveway, Permeable Pavement

Listed by Doug Martin · Keller Williams Realty - Londonderry

Schedule a showing

296 & 288 Highland Ave

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$22,624 / month

Down payment20% · $699,000
Interest rate6.50%

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).