Property

296 Highland Ave

RetailAuto dealer

296 Highland Ave, Salem, MA 01970

35 photos
Listings
Floor 1
For Sale · Retail
Active
Available SF
4,488 SF
Asking Price
$2,795,000
Price/SF
Cap Rate
Suite
Floor 1
Floor
1
List Date
May 12, 2026
Available
May 1, 2026
Days on Market
103
Listing Agent
Douglas C Martin — KW Commercial, NH

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, ser…

Lease
For Lease · Retail
Active
Available SF
4,487 SF
Asking Rate
$40.10/SF Modified Gross
Lease Type
List Date
Jul 28, 2026
Available
Aug 1, 2026
Days on Market
26
Listing Agent
Douglas C Martin — KW Commercial, NH

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…

Property Highlights

Location

County
Essex
Submarket
Sto,BO,3
Center/Park Name

Building Size

Total Building SF
4,488 SF
Rentable SF
Land (SF)
524,637 SF
Acreage
12.04 Acres
Number of Buildings
1
Floors
1

Building Details

Type
Retail
Subtype
Auto dealer
Building Class
Building Status
Existing
Year Built
1950
Year Renovated
Construction
Occupancy Type
Single-tenant
Leased
Zoning
Commercial/Residential
Sprinklered
Parking Ratio
Elevators
Condominiumized
Exterior
Clear Height Max
Dock High Doors
Grade Level Doors
Rail Service

Land & Utilities

Lot Width
Lot Depth
Electric
Water
Sewer
Gas
Fiber
Tax Amount
$23,317
Tax Year
2022
Comparables
Comparable sales and lease data is available to members only.
Location