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296 & 288 Highland Avenue, Salem, MA 01950

$2,995,000
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Active
MLS#5088383
STATUSActive PROPERTY TYPECommercial - Retail

Listing Courtesy of: Keller Williams Realty Metro-Londonderry
Agency Phone: 603-232-8282
Associate Name: Doug Martin
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Property Description

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.

296 & 288 Highland Avenue | MLS# 5088383

This commercial property located at 296 & 288 Highland Avenue, Salem, MA 01950 is currently listed for sale with an asking price of $2,995,000. Search Salem real estate on petersaunders.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Retail
Lot Size: 12.25 Acres
Roof Type: Flat, Membrane
Taxes: $39,693
Year Built: 1950

Feature Descriptions

Days on Site: 36
Exterior: Steel Frame
Foundation: Concrete
Lot: Near Shopping, Major Road Frontage
Parking: On-Site, Parking Spaces 21+, Paved
Road Frontage: 206
Sale Inclusions: Land/Building
Sewer: Public
Water: Public
Zoning: Commercial/Residential

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Metro-Londonderry
Agent Name: Doug Martin
Agency Phone: 603-232-8282

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Shown By

Agent Name: Peter Saunders
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/18/2026. The listing information on this page last changed on 06/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 06/18/2026 12:02:56 AM EST) or MLSPIN MLS (last updated Wed 06/17/2026 11:38:41 PM EST) or Prime MLS (last updated Wed 06/17/2026 11:33:01 PM EST) or MREIS (last updated Wed 06/17/2026 11:55:15 PM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data compilation and photo(s) copyright © 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated 2026-06-17 23:33:01

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Agency License Information: Better Homes and Gardens® and the Better Homes and Gardens Real Estate Logo are registered service marks owned by Meredith Corporation and licensed to Better Homes and Gardens Real Estate LLC. The Masiello Group Limited fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC nor any of its affiliated companies.


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