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.
- Tax Year:
- 2026
- Status:
- Active
- Zoning:
- Comm/Resid
- Orig Price:
- $3,495,000
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Salem
- State:
- MA
- County:
- Essex
- Postal Code:
- 01970
- Longitude:
- W71° 4' 27.4''
- Latitude:
- N42° 30' 7.2''
Commercial Sale
296 & 288 Highland Ave, Salem, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,995,000
- Square Footage :
- 5,483 Sqft
- Year Built :
- 1950
- Lot Area :
- 12.25 Acre
- Listing ID :
- 73517059
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com