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    Salem, MA
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    Salem, MA Auto Shops for Sale

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    Peabody, MA Beverly, MA Danvers, MA Marblehead, MA Swampscott, MA Lawrence, MA Lynn, MA Lynnfield, MA
    Automotive Facility with Service Bays
    Updated: Jul 5
    Automotive Facility with Service Bays

    296 & 288 Highland Ave, Salem, MA 01970

    $2,995,000
    5,483 sqft
    Approved for auto body use on a high‑traffic retail corridor along Highland Ave
    Automotive facility on the primary retail parcel: 4,488 SF with 6 service bays, 4 lifts, and showroom space
    Includes manager’s office, parts & stock rooms, customer waiting area, and a security system
    Two commercial lots with over 200 ft of frontage on Highland Ave
    Second parcel includes a small residential structure on commercially zoned land, offering redevelopment possibilities
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    This listing looks promising.

    Here's a quick look at some key insights for

    296 & 288 Highland Ave, Salem, MA 01970

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    • Est. Cap Rate

      3%
      NOI ÷ price

    • Est. NOI

      $90K
      Annual

    • Price @ 7% Cap

      $1.29M
      Suggested

    • Last Sold

      Oct 2022
      $2.1M
    View Property Analytics
    Auto Body Facility Redevelopment Opportunity
    Updated: May 12
    Auto Body Facility Redevelopment Opportunity

    296 Highland Ave, Salem, MA 01970

    Contact for pricing
    4,488 sqft
    Approved for AUTO BODY use, suited for auto sales, service, repair, or collision operations
    4,488 SF automotive facility with 6 service bays, 4 lifts, showroom, manager’s office, title office, parts/stock rooms, and customer waiting area
    Facility includes an ADA‑compliant restroom and a security system
    Two commercial lots with over 200 ft of frontage on a high‑traffic retail corridor; more than 35,000 vehicles pass per day
    Second parcel includes a small residential structure on commercially zoned land with redevelopment potential
    View details
    Turnkey Auto Detailing Facility
    Turnkey Auto Detailing Facility

    51 Canal St Rear, Salem, MA 01970

    $100,000

    Turnkey auto detailing operation offering basic washes through premium detailing, located next to a well-known car wash.

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    Commercial
    Commercial

    296 & 288 Highland Avenue, Salem, MA 01950

    $2,795,000

    Auto shops

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Turnkey Auto Detailing Business Opportunity
    Turnkey Auto Detailing Business Opportunity

    10 Aborn St, Salem, MA 01970

    $99,000

    Established auto detailing business for sale in downtown Peabody.

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    Based on your search, we've compiled 57 Potential Opportunities for your consideration. Besides 5 Active listings in Salem, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 48 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Auto Repair and Autobody Building
    Auto Repair and Autobody Building

    62-64 Eastern Ave, Malden, MA 02148

    $1,259,000
    3,514 sqft

    Auto-focused commercial building with finished space for repairs and autobody on a substantial lot.

    View details
    Automotive Sales and Service Facility
    Automotive Sales and Service Facility

    295 Lynnway, Lynn, MA 01901

    Contact for pricing
    5,665 sqft 0.51 AC lot

    Turnkey auto sales and service facility with showroom, office, and vehicle capacity on a sizable lot.

    View details
    Automotive Contractor Flex Building
    Automotive Contractor Flex Building

    11 Marlboro Street, Malden, MA 02148

    Contact for pricing
    6,500 sqft

    Two-garage-bay building with on-site parking and potential to split into two 3,250-square-foot spaces.

    View details
    Three-Unit Retail and Auto Retail
    Three-Unit Retail and Auto Retail

    391 Essex, Lynn, MA 01902

    Contact for pricing

    Three fully tenanted buildings include a liquor store, radio and tint shop, and bodega, each with defined accessory space.

    View details

    Off-Market Properties in Salem, MA

    Consider similar Off-Market properties in Salem, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    78 Margin St, Unit 88
    AUTO REPAIR, GARAGE

    78 Margin St, Salem, MA 01970-3340

    Unit 88
    $490,000
    Estimated value
    9,671 sqft 0.38 AC lot
    View details
    97 Ocean Ave
    AUTO REPAIR, GARAGE

    97 Ocean Ave, Salem, MA 01970-4640

    $750,000
    Estimated value
    2,400 sqft 0.22 AC lot
    View details
    125 Ocean Ave
    AUTO REPAIR, GARAGE

    125 Ocean Ave, Salem, MA 01970

    $1,250,000
    Estimated value
    5,143 sqft 0.65 AC lot
    View details
    56 Swampscott Rd
    AUTO REPAIR, GARAGE

    56 Swampscott Rd, Salem, MA 01970

    $185,000
    Estimated value
    750 sqft 1.04 AC lot
    View details
    25 Boston St
    AUTO REPAIR, GARAGE

    25 Boston St, Salem, MA 01970-2103

    $550,000
    Estimated value
    2,904 sqft 0.79 AC lot
    View details
    282 Canal St
    AUTO REPAIR, GARAGE

    282 Canal St, Salem, MA 01970-4540

    $2,040,000
    Estimated value
    9,653 sqft 0.36 AC lot
    View details
    62 Jefferson Ave
    AUTO REPAIR, GARAGE

    62 Jefferson Ave, Salem, MA 01970-2924

    $725,000
    Estimated value
    3,710 sqft 0.22 AC lot
    View details
    31st Boston St
    AUTO REPAIR, GARAGE

    31st Boston St, Salem, MA 01970-2103

    $1,005,000
    Estimated value
    3,865 sqft 0.52 AC lot
    View details
    119 Webb St
    AUTO REPAIR, GARAGE

    119 Webb St, Salem, MA 01970-4018

    $145,000
    Estimated value
    1,800 sqft 0.17 AC lot
    View details
    43 Essex St
    AUTO REPAIR, GARAGE

    43 Essex St, Salem, MA 01970-5256

    $255,000
    Estimated value
    1,512 sqft 0.05 AC lot
    View details
    46 Tulip St
    AUTO REPAIR, GARAGE

    46 Tulip St, Salem, MA 01970-4530

    $425,000
    Estimated value
    8,714 sqft 0.39 AC lot
    View details
    4 Lily St
    AUTO REPAIR, GARAGE

    4 Lily St, Salem, MA 01970

    $440,000
    Estimated value
    2,014 sqft 1.62 AC lot
    View details
    303rd Highland Ave
    AUTO REPAIR, GARAGE

    303rd Highland Ave, Salem, MA 01970-1831

    $360,000
    Estimated value
    1,280 sqft 0.24 AC lot
    View details
    5 Greenledge St
    AUTO REPAIR, GARAGE

    5 Greenledge St, Salem, MA 01970-1827

    $470,000
    Estimated value
    9,600 sqft 0.44 AC lot
    View details
    53 Canal St
    AUTO REPAIR, GARAGE

    53 Canal St, Salem, MA 01970-4843

    $365,000
    Estimated value
    1,554 sqft 0.15 AC lot
    View details
    171 Boston St
    AUTO REPAIR, GARAGE

    171 Boston St, Salem, MA 01970-1430

    $650,000
    Estimated value
    10,320 sqft 1.06 AC lot
    View details
    1 Mason St
    AUTO REPAIR, GARAGE

    1 Mason St, Salem, MA 01970-7428

    $345,000
    Estimated value
    2,160 sqft 0.14 AC lot
    View details
    309-311 Highland Ave
    AUTO REPAIR, GARAGE

    309-311 Highland Ave, Salem, MA 01970

    $1,185,000
    Estimated value
    6,500 sqft 1.06 AC lot
    View details
    10 Paradise Rd
    AUTO REPAIR, GARAGE

    10 Paradise Rd, Salem, MA 01970-4230

    $1,005,000
    Estimated value
    4,154 sqft 0.33 AC lot
    View details

    Salem, MA Auto Shops Market Trends and Statistics

    Explore 53 auto shops for sale in Salem, MA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 9,971 square feet of properties for sale, with an estimated market value of $5,989,000.

    Sale prices for auto repair shops in Salem, MA start at $99,000, averaging $1,497,250, and reaching up to $2,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Auto shops 8
    Car washes 1

    Demographics Overview

    Population 44K
    Population Growth (5Y) +2.2%
    Median Household Income $85,189
    College Educated 35.2%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01970 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.11%
    Property Tax per SF $33.59 per SF
    Tax Rate vs County Average 0.41 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

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    • 01950

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