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$ 2,795,000
Est. payment /mo
Price Dropped by $200K
296 & 288 Highland Ave Salem, MA 01970
5,483 SqFt
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
Listed by Keller Williams Realty - Londonderry