For Sale
296 & 288 Highland Ave
Salem, MA
$2,795,000
5,483 sf
Courtesy of Keller Williams Realty - Londonderry
This home is listed by another brokerage. We can arrange a viewing, and we can represent you as the buyer.
The listing brokerage last updated this record on July 27, 2026.
Photographs
28 photographs from the listing brokerage, shown as they published them.
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, 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.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.
The details
- Property type
- Commercial
- Interior
- 5,483 sq ft
- Lot
- 12.25 acres
- Year built
- 1950
- Price per sq ft
- $510
- County
- Essex
- Taxes
- $39,693 (2026)
- Zoning
- Comm/Resid
- MLS #
- 73517059
Ask us about this home
Tell us when you could see it. We will confirm it is still available, book the viewing and go with you.