$2,795,000
Active296 & 288 Highland Ave
Salem, MA, 01970
Commercial · MLS #73517059
Days on market
103 days
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-obtainThe 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.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.
Price history
Listed
May 21, 2026 · 3 mo ago
$3,495,000
Price reduced
Jun 11, 2026 · 2 mo ago
$2,995,000
Price upon request (-14.3%)
Price reduced
Aug 24, 2026 · 8 days ago
$2,795,000
Price upon request (-6.7%)
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
$18,329 / month
Loan term
- Principal & interest
- $14,369
- Property tax
- $2,795
- Home insurance
- $1,165
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).