296 & 288 Highland Ave, Salem, MA 01970
296 & 288 Highland Ave, Salem, MA 01970
296 & 288 Highland Ave, Salem, MA 01970
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$2,795,000
Est. payment /mo
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5,483 SqFt
Price Dropped by $200K

296 & 288 Highland Ave Salem, MA 01970

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Eric Coury

Eric Coury

Keller Williams Elite

+1(508) 838-6956

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,483 sqft

Price per Sqft $509

MLS Listing ID 73517059

HOA Y/N false

Year Built 1950

Annual Tax Amount $39,693

Tax Year 2026

Lot Size 12.250 Acres

Acres 12.25

Property Description

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.

Location

State MA

County Essex

Zoning Comm/Resid

Direction Rt 114 to Washington - RIght on Highland Ave

Exterior

Utilities Available Public Water, Public Sewer

Others

Senior Community false

Listed by Keller Williams Realty - Londonderry
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Tricia Coury
Tricia Coury

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Executive Real Estate Specialist - Team Leader License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Keller Williams Elite, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.