BMN Boston

Get our mobile app!

Download on the App Store

296 & 288 Highland Ave, Salem MA 01970

Salem, MA 01970
$3,495,000
Est. $21,180/month
5,483
Sq Ft
$637
Price/Sq Ft
12.25
Acres
1950
Year Built
15 hours 37 minutes
Time on Market
Active Listed May 12, 2026 • MLS# 73517059 Copied!

About this home

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-obtain approval & is ideal for auto sales, service, repair, or collision operations.This unique offering includes 2 commercial lots with over 200 ft of frontage in a high-traffic retail corridor.The 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 25,000 vehicles per day.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Listing Type
Commercial Sale
Year Built
1950
Living Area
5,483 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1950
Living Area 5,483 sq ft
Lot Size 12.25 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer

Financial

Annual Tax $39,693

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1950
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

Loading map...

Neighborhood

296 & 288 Highland Ave, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $3,308
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
May 12, 2026
$3,495,000
Original listing
Office: Keller Williams Realty - Londonderry

Price & Status History

Date Event Price Change
May 12, 2026 New Listing Added $3,495,000

Market Statistics

Time on Market
15 hours 37 minutes
Price per Sq Ft
$637

Tax History

Year Taxes Assessment
2026 $39,693

Financial Details

Annual Property Tax
$39,693
Tax Year 2026

Listing Information

Listing Agent Doug Martin
Listing Office Keller Williams Realty - Londonderry
Agent MLS ID CN238282
Office MLS ID AC2360
Listing Data Updated May 12, 2026 4:02 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

296 & 288 Highland Ave, Salem MA 01970 - Photo 1 296 & 288 Highland Ave, Salem MA 01970 - Photo 2 296 & 288 Highland Ave, Salem MA 01970 - Photo 3 296 & 288 Highland Ave, Salem MA 01970 - Photo 4 296 & 288 Highland Ave, Salem MA 01970 - Photo 5 296 & 288 Highland Ave, Salem MA 01970 - Photo 6 296 & 288 Highland Ave, Salem MA 01970 - Photo 7 296 & 288 Highland Ave, Salem MA 01970 - Photo 8 296 & 288 Highland Ave, Salem MA 01970 - Photo 9 296 & 288 Highland Ave, Salem MA 01970 - Photo 10 296 & 288 Highland Ave, Salem MA 01970 - Photo 11 296 & 288 Highland Ave, Salem MA 01970 - Photo 12 296 & 288 Highland Ave, Salem MA 01970 - Photo 13 296 & 288 Highland Ave, Salem MA 01970 - Photo 14 296 & 288 Highland Ave, Salem MA 01970 - Photo 15 296 & 288 Highland Ave, Salem MA 01970 - Photo 16 296 & 288 Highland Ave, Salem MA 01970 - Photo 17 296 & 288 Highland Ave, Salem MA 01970 - Photo 18 296 & 288 Highland Ave, Salem MA 01970 - Photo 19 296 & 288 Highland Ave, Salem MA 01970 - Photo 20 296 & 288 Highland Ave, Salem MA 01970 - Photo 21 296 & 288 Highland Ave, Salem MA 01970 - Photo 22 296 & 288 Highland Ave, Salem MA 01970 - Photo 23 296 & 288 Highland Ave, Salem MA 01970 - Photo 24 296 & 288 Highland Ave, Salem MA 01970 - Photo 25 296 & 288 Highland Ave, Salem MA 01970 - Photo 26 296 & 288 Highland Ave, Salem MA 01970 - Photo 27
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour