MA
Essex
Salem
01970
296 & 288 Highland Ave
296 & 288 Highland Ave, Salem, MA 01970
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Listing Type
Commercial/Industrial
Listing Status
Active
28
$2,795,000

Home Details for 296 & 288 Highland Ave

Price
$2,795,000
Type
Commercial Sale
Square feet
5483
Year built
1950
Lot size acres
12.25
County
Essex
Days on site
90
MLS Listing#
73517059
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.

Property Features
  • Water Features
    • Public
Listing Courtesy: Keller Williams Realty - Londonderry - 603-965-2992
Presented by: Doug Martin
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Market statistics compiled from data from Massachusetts Association of REALTORS.
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