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Approved for Auto Body Use 296 Highland Ave 4,488 SF Retail Building Salem, MA 01970 $2,795,000 ($622.77/SF)
Investment Highlights
- Outstanding visibility on busy Highland Avenue. The property is approved for AUTO BODY USE — a highly sought-after and difficult-to-obtain approval —
- 12+ acres of Residential Land Located Behind the Commercial Building for Future Development Potential
- Located alongside Major National Retailers: Walmart, Target, The Home Depot, Planet Fitness, McDonald's, Burger King...
- 200+ feet of Frontage on high traffic retail corridor with 35,000+ vehicles per day
- Second Parcel - 995 sf Residential Home situated on Commercial Zoned Land-Excellent Redevelopment Possibilities
Executive Summary
The primary retail parcel features a 4,488 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.
These parcels are also available for lease.
Property Facts
Amenities
- Security System
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
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 retail parcel features a 4,488 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. 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. This lease for the automotive facility is $15,000 per month modified gross. The residential home(288 Highland Ave) is also available for lease for a total of $20,000 per month. The second parcel that is available for lease is a 2 bedroom / 2 Bathroom Ranch located at 288 Highland Ave. Both of these parcels are also available for sale.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,488 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 4,488 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 4,488 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
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 retail parcel features a 4,488 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. 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. This lease for the automotive facility is $15,000 per month modified gross. The residential home(288 Highland Ave) is also available for lease for a total of $20,000 per month. The second parcel that is available for lease is a 2 bedroom / 2 Bathroom Ranch located at 288 Highland Ave. Both of these parcels are also available for sale.
Nearby Major Retailers
Property Taxes
| Parcel Number | SALE-000008-000000-000029 | Improvements Assessment | $272,700 |
| Land Assessment | $1,406,500 | Total Assessment | $1,679,200 |
Property Taxes
Contact the Sale Advisor
Approved for Auto Body Use | 296 Highland Ave