About 296 & 288 Highland Ave
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.
Features of 296 & 288 Highland Ave
| MLS® # | 73517059 |
|---|---|
| Price | $2,795,000 |
| Square Footage | 5,483 |
| Acres | 12.25 |
| Year Built | 1950 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 296 & 288 Highland Ave |
|---|---|
| City | Salem |
| County | Essex |
| State | MA |
| Zip Code | 01970 |
Amenities
| Utilities | Public Water, Public Sewer |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Zoning | Comm/Resid |
|---|
Listing Details
| Agent | Doug Martin |
|---|---|
| Office | Keller Williams Realty - Londonderry |