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.
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| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/10/2026 | ↓ Price Reduced | $2,995,000 | $500,000 | - | From $3,495,000 to $2,995,000 (-14.3%) |
| 05/12/2026 | 🏠 Listed for Sale | $3,495,000 | - | - | Original listing |
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $39,693 | — |
296 & 288 Highland Ave, Salem MA 01970
Salem, MA 01970
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