Ad #7840667
MLS #5088383
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
Contact Information
Doug Martin
Keller Williams Realty Metropolitan
603-232-8282
Location
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.
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
Photo Gallery
$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.
MLS# 5088383
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
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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.
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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