296 & 288 Highland Ave, Salem, MA 01970
296 & 288 Highland Ave, Salem, MA 01970
296 & 288 Highland Ave, Salem, MA 01970
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$2,795,000
Est. payment /mo
5,483 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,483 sqft

Price per Sqft $509

MLS Listing ID 73517059

HOA Y/N false

Year Built 1950

Annual Tax Amount $39,693

Tax Year 2026

Lot Size 12.250 Acres

Acres 12.25

Property Description

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-obtainThe 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.This property is also being offered for lease. Automotive facility (296 Highland Ave) is $15,000 per month modified gross. Add the residential home in for $20,000 per month.

Location

State MA

County Essex

Zoning Comm/Resid

Direction Rt 114 to Washington - RIght on Highland Ave

Exterior

Utilities Available Public Water, Public Sewer

Others

Senior Community false

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Listed by Keller Williams Realty - Londonderry

NEARBY SCHOOLS & PROPERTIES

BHRE Brad Hutchinson Real Estate

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts 02176, United States

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296 & 288 Highland Ave