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 25,000 vehicles per day.
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Last Checked: May 13th, 2026 at 9:33am (Source: MLS PIN #73517059)
General Information for 296 & 288 Highland Ave, Salem MA 01970
Listing ID73517059
Property TypeCommercial Sale / Commercial
Price$3,495,000
Style
CitySalem
CountyEssex
Neighborhood(s)Ipswich
ZoningComm/Resid
Year Built1950
Disclosures for 296 & 288 Highland Ave, Salem MA 01970
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsGenerator
Compensation Based On
Contact Information for 296 & 288 Highland Ave, Salem MA 01970