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296 Highland Ave
Salem, MA 01970
Retail Property For Lease
·
4,488 SF
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
- 995 sf Residential Home also available for lease
Property Facts
| Total Space Available | 4,488 SF | Gross Leasable Area | 4,488 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Auto Repair | Parking Ratio | 12.92/1,000 SF |
| Total Space Available | 4,488 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 4,488 SF |
| Year Built | 1950 |
| Parking Ratio | 12.92/1,000 SF |
About the Property
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.
- Security System
- Signage
