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Ad #7840667
MLS #5088383
Listing photo

Exceptional investment and redevelopment opportunity with

296 & 288 Highland Ave, Salem, Massachusetts, 01950
$3,495,000
0Beds
0Baths
0Sqft
12.250Acres

About this property

Exceptional investment and redevelopment opportunity with outstanding visibility on busy Highland Avenue. The property is approved for AUTO BODY USE - a highly sought-after and difficult-to-obtain approval - and is ideal for auto sales, service, repair, or collision operations.This unique offering includes two commercial lots with over 200 feet of frontage in a high-traffic retail corridor. The primary retail parcel features a 4,261 SF automotive facility equipped with 6 service bays, 4 lifts, showroom space, manager's office, title office, parts and stock rooms, customer waiting area, break room, ADA-compliant restroom, and 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 for additional parking, expanded commercial use, or potential multifamily development of up to 5 residential units. Strategically located alongside major national retailers and traffic generators including Walmart, Target, The Home Depot, Planet Fitness, McDonald's, and Burger King. A signalized intersection stops traffic directly in front of the property, enhancing visibility, accessibility, and overall traffic flow, with more than 35,000 vehicles passing the site per day. Rare opportunity with multiple permitted uses and strong upside potential for investors, owner-users, or developers.

Property Features

0 Beds
0 Baths
0 Sqft
Built in 1950
12.250 Acres
Siding: Steel Frame
Membrane, Flat Roof
$39,693 / yr property tax
Essex County

Additional Photos

Additional listing photo 1
Additional listing photo 2
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Additional listing photo 4

Contact Information

Doug Martin

Keller Williams Realty Metropolitan

603-232-8282

Location

Map
Listing Agent: Doug Martin 603-232-8282
Broker: Keller Williams Realty Metropolitan 603-232-8282 Listing Site
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Jun 8, 2026

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$3,495,000

0
Beds
0
Baths
0
Sqft

296 & 288 Highland Ave, Salem, Massachusetts, 01950

By contacting this agent you agree to these Terms and Conditions.
Home Massachusetts Salem
Exceptional investment and redevelopment opportunity with
Exceptional investment and redevelopment opportunity with
Exceptional investment and redevelopment opportunity with
Exceptional investment and redevelopment opportunity with
Exceptional investment and redevelopment opportunity with
MLS# 5088383
Acreage For Sale

Exceptional investment and redevelopment opportunity with

$3,495,000

296 & 288 Highland Ave, Salem, Massachusetts, 01950

0
Beds
0
Baths
0
Sqft
12.250
Acres
$3,495,000
296 & 288 Highland Ave, Salem, Massachusetts, 01950
0 Beds
0 Baths
0 Sqft
12.250 Acres
Exceptional investment and redevelopment opportunity with outstanding visibility on busy Highland Avenue. The property is approved for AUTO BODY USE - a highly sought-after and difficult-to-obtain approval - and is ideal for auto sales, service, repair, or collision operations.This unique offering includes two commercial lots with over 200 feet of frontage in a high-traffic retail corridor. The primary retail parcel features a 4,261 SF automotive facility equipped with 6 service bays, 4 lifts, showroom space, manager's office, title office, parts and stock rooms, customer waiting area, break room, ADA-compliant restroom, and 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 for additional parking, expanded commercial use, or potential multifamily development of up to 5 residential units. Strategically located alongside major national retailers and traffic generators including Walmart, Target, The Home Depot, Planet Fitness, McDonald's, and Burger King. A signalized intersection stops traffic directly in front of the property, enhancing visibility, accessibility, and overall traffic flow, with more than 35,000 vehicles passing the site per day. Rare opportunity with multiple permitted uses and strong upside potential for investors, owner-users, or developers.
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Property Details

HOME DETAILS

0 Beds
0 Baths
0 Sqft
Built in 1950
12.250 Acres

EXTERIOR

Siding: Steel Frame
Membrane, Flat Roof

FINANCIAL & COMMUNITY

$39,693 / yr property tax
Essex County
See More Details

Location

Map
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Ad Statistics

Ad Number
7840667
Viewed
1 time
Listing Status
Active
Added
Jun 03, 2026
Last Refresh
Jun 08, 2026 09:04:43 PM

Listing Information

Data Source
PrimeMLS
Source Property ID
5088383
Listing Agent: Doug Martin 603-232-8282
Broker: Keller Williams Realty Metropolitan 603-232-8282 Listing Site
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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By proceeding, you authorize Dream Home Network Inc., its service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners), its affiliates, and other real estate professionals that may not be associated with Dream Home Network, to contact you using the contact details you provided, via email, phone call, and text (SMS), including using automated dialing technology and prerecorded and artificial voice, for marketing or advertising purposes, including contacting you about your inquiry and other home-related matters. You understand that your consent to the foregoing is not a condition of any purchase. Message and data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. Dream Home Network Inc. may share information about your recent and future site activity with its affiliates and service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners) to help them better understand what you are looking for in a property. To opt-out at any time you can reply "STOP" or contact Dream Home Network Inc. at csv@dreamhomenetwork.com.
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Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
SERVICES
Buy Buy Advertise
COMPANY
Testimonials About Us Office Locations
SUPPORT
Help Contact Us
ADDITIONAL MARKETS
LakeHouse.com BeachHouse.com GolfHomes.com
SUBSCRIBE
Receive notifications for new listings
Subscribe

Dream Home Network Inc.

is committed to ensuring digital accessibility and property listings for individuals with disabilities. All information provided is deemed reliable but is not guaranteed and should be independently verified. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know.

Dream Home Network Inc. Sells leads to DHN Realty Inc. who holds real estate brokerage licenses in Alabama. Listing agents will be sent notification copy of leads on their listings where Dream Home Network Inc. is provided listings via our Feed Provider as required.

© 1997 - 2026 Wheelchair-accessible Housing & Universal Design Homes at Barrier Free Home
Part of Dream Home Network, Inc.
Last updated on 2026.06.09
Terms & Policy