• $2,995,000List Price
  • 12.25Acreage
  • 1950Year Built
  • 5,483Square Feet

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.

More Info

Basic Information

  • Mls StatusActive

Location

  • Address296 & 288 Highland Avenue
  • Building Number296 & 288
  • CountyEssex
  • StateMA
  • StreetHighland Avenue
  • TownSalem
  • Zip01970

Other

  • Date Listed05/12/2026
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Year 2026
  • Taxes$39,693

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer
  • Year Built1950

Basic Information

  • List Price$2,995,000
  • MLS Number73517059
  • Modification Date06/14/2026

Property

  • Acreage12.25

Property Information

  • Living Area 5,483
  • Lot Size Square Feet 533,697
  • Lot Size Units Acres
  • Square Feet5,483

Map Location

Driving Directions

Listed by Doug Martin of Keller Williams Realty - Londonderry

Salem, MA Demographics

There is no data available

Salem, MA Real Estate Market Data

There is no data available

Salem, MA Schools

School NameDistanceTypeGrades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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