$2,995,000
296 & 288 Highland Ave
Salem, MA, 01970
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.
Property Details
Price:
$2,995,000
MLS #:
73517059
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
May 12, 2026
Finished Sq Ft:
5,483
Total Sq Ft:
5,483
Lot Size:
533,697 sqft / 12.25 acres (approx)
Year Built:
1950
Schools
Interior
Exterior
Financial
Tax Year
2026
Taxes
$39,693
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Commercial in Salem as of Jun 20, 2026
10
Commercial Listed
322
Avg DOM
289
Avg $ / SqFt
$988,778
Avg List Price
Community
- Address296 & 288 Highland Ave Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 296 & 288 Highland Ave Salem MA is a Commercial for sale in Salem, MA, 01970. It is listed for $2,995,000 To schedule a showing of MLS#73517059 at 296 & 288 Highland Ave in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Keller Williams Realty – Londonderry. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
296 & 288 Highland Ave
Salem, MA