aisellshomes.space

$2,995,000

Active

296 & 288 Highland Ave

Salem, MA, 01970

Commercial · MLS #73517059

Days on market

46 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-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.

Price history

  1. Listed

    May 21, 2026 · 1 mo ago

    $3,495,000

  2. Price reduced

    Jun 11, 2026 · 26 days ago

    $2,995,000

    Price upon request (-14.3%)

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

$19,277 / month

Down payment20% · $599,000
Interest rate6.43%

Loan term

Principal & interest
$15,034
Property tax
$2,995
Home insurance
$1,248

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).

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