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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Kimberly Winslow

Kimberly Winslow

+1(413) 374-3186
$2,795,000
Est. payment /mo
5,483 SqFt
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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

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Listed by Keller Williams Realty - Londonderry
Kimberly Winslow

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(413) 374-3186

realtorkimwins@gmail.com

39899 BalentineDr, Suite 200, Newark, MA 94560, USA

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