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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.

More Info

Basic Information

  • Mls StatusActive

Tax Information

  • Tax Year 2026
  • Taxes$39,693

Basic Information

  • List Price$3,495,000
  • MLS Number73517059
  • Modification Date05/16/2026

Location

  • Address296 & 288 Highland Avenue
  • Building Number296 & 288
  • CountyEssex
  • StateMA
  • StreetHighland Avenue
  • TownSalem
  • Zip01970

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer
  • Year Built1950

Property

  • Acreage12.25

Property Information

  • Living Area 5,483
  • Lot Size Square Feet 533,697
  • Lot Size Units Acres
  • Square Feet5,483

Legal

  • ZoningComm/Resid
  • Zoning Description Legal Conforming

Other

  • Date Listed05/12/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Doug Martin of Keller Williams Realty - Londonderry

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