Listing Details

Salem, MA 01950 296 & 288 Highland Avenue

296 & 288 Highland Avenue Salem, MA - Image 1296 & 288 Highland Avenue Salem, MA - Image 2296 & 288 Highland Avenue Salem, MA - Image 3
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296 & 288 Highland Avenue Salem, MA - Image 4296 & 288 Highland Avenue Salem, MA - Image 5296 & 288 Highland Avenue Salem, MA - Image 6296 & 288 Highland Avenue Salem, MA - Image 7296 & 288 Highland Avenue Salem, MA - Image 8296 & 288 Highland Avenue Salem, MA - Image 9296 & 288 Highland Avenue Salem, MA - Image 10296 & 288 Highland Avenue Salem, MA - Image 11296 & 288 Highland Avenue Salem, MA - Image 12296 & 288 Highland Avenue Salem, MA - Image 13296 & 288 Highland Avenue Salem, MA - Image 14296 & 288 Highland Avenue Salem, MA - Image 15296 & 288 Highland Avenue Salem, MA - Image 16296 & 288 Highland Avenue Salem, MA - Image 17
Presented By: Doug Martin with Keller Williams Realty Metro-Londonderry;
  • PrimeMLS - 85 - NH
  • MLS# 5088383
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Disclaimer: The information contained in this listing has not been verified by Halliday Real Estate and should be verified by the buyer.
  • SQFT • 4,488

Home Details

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.
Presented By: Doug Martin with Keller Williams Realty Metro-Londonderry;

Interior Features for 296 & 288 Highland Avenue

Other Interior Features

InternetHigh Speed Intrnt Avail
BasementNo

General for 296 & 288 Highland Avenue

AuctionNo
Business TypeRetail
CitySalem
Construction MaterialsSteel Frame
DOM73
Last Updated07/23/2026 14:56:04
Price Per Sq Ft Total AG622.77
Property ClassCommercial Sale
Road FrontageYes
RoofFlat, Membrane
SewerPublic
Status Detail0
Tax Year2026
UtilitiesTelephone at Site
Year Built1950
ZoningCommercial/Residential

Exterior for 296 & 288 Highland Avenue

Foundation Concrete
Lot FeaturesNear Shopping, Major Road Frontage
Lot Size Area12.25
Lot Size Square Feet533610
Parking FeaturesOn-Site, Parking Spaces 21+, Paved
Road Frontage Length206
Traffic Count25000
Water SourcePublic

Additional Details

Price History

Sadie Halliday

REALTOR
Price $2,795,000
MLS#5088383
Property Type Commercial
Phone 603.660.2321
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