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    Salem, MA
    Automotive

    Salem, MA Automotive Properties 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 Development Potential
    Updated: Apr 24
    Automotive Facility with Development Potential

    296 & 288 Highland Avenue, Salem, MA 01970

    $2,995,000
    5,483 sqft 12.00 AC lot
    Approved for Auto Body Use: A rare and valuable opportunity.
    High‑Traffic Location: Over 200 ft of frontage on busy Highland Ave with 35,000+ vehicles per day.
    Existing Automotive Facility: 4,488 SF building with 6 service bays, 4 lifts, showroom, and office space.
    Significant Development Potential: Includes approximately 12 acres of residential land.
    Two Commercial Lots: Unique offering with two parcels, one with a retail facility and one with a residential structure.
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    This listing looks promising.

    Here's a quick look at some key insights for

    296 & 288 Highland Avenue, 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
    Turnkey Auto Detailing Business Opportunity
    Updated: Apr 22
    Turnkey Auto Detailing Business Opportunity

    10 Aborn St, Salem, MA 01970

    $115,000
    Fully branded, turnkey auto detailing business (Supreme Motorsports, Inc.) ready for immediate operation.
    Includes established business name, equipment, and existing inventory.
    Ideally positioned in downtown Peabody on the Salem line.
    High‑visibility location.
    Seamless transition for owner‑operator or entrepreneur.
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Salem, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    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
    Restaurant and Parking Lot Package
    Restaurant and Parking Lot Package

    48-49A Lowell St, Peabody, MA 01960

    $1,400,000
    0.25 AC lot

    Two properties: restaurant and parking lot with development potential.

    View details
    New Starbucks with Tesla Chargers
    New Starbucks with Tesla Chargers

    1 Newbury St, Peabody, MA

    $4,100,000
    2,400 sqft 5.77 AC lot

    Newly constructed Starbucks with Tesla chargers on Route 1.

    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

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Garage Parking on K Street
    Garage Parking on K Street

    400-R K, Boston, MA 02127

    $150,000
    183 sqft

    Rare garage parking available in Boston's K Street area.

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    Garage Parking Space
    Garage Parking Space

    400-R K, Boston, MA 02127

    $150,000
    183 sqft

    Single-car garage parking space with 9-by-20 dimensions and established rental history.

    View details
    Commercial Land in Stoughton, MA
    Commercial Land in Stoughton, MA

    Atkinson Ave. Ext., Stoughton, MA 02072

    $99,000
    1.30 AC lot

    Commercial land available on Atkinson Ave Ext, Stoughton, MA.

    View details
    Grafton Street Commercial Land Available
    Grafton Street Commercial Land Available

    1059 Grafton St, Worcester, MA 01604

    $749,000
    4.50 AC lot

    4.5-acre commercial land parcel on heavily travelled Grafton Street.

    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
    $1,285,000
    Estimated value
    9,671 sqft 0.38 AC lot
    View details
    145 Derby St
    PARKING LOT

    145 Derby St, Salem, MA 01970-5639

    $845,000
    Estimated value
    0.15 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
    307 Highland Ave
    VEHICLE SALES, RENTALS

    307 Highland Ave, Salem, MA 01970

    $1,050,000
    Estimated value
    1,305 sqft 0.34 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

    Value Estimation by Request
    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
    2 Kimball Rd
    PARKING LOT

    2 Kimball Rd, Salem, MA 01970

    $1,485,000
    Estimated value
    0.72 AC lot
    View details
    282 Canal St
    AUTO REPAIR, GARAGE

    282 Canal St, Salem, MA 01970-4540

    $2,080,000
    Estimated value
    9,653 sqft 0.36 AC lot
    View details
    21 Leach St, Unit G9
    RESIDENTIAL PARKING GARAGE

    21 Leach St, Salem, MA 01970-4710

    Unit G9
    $2,130,000
    Estimated value
    0.30 AC lot
    View details
    21 Leach St, Unit G10
    RESIDENTIAL PARKING GARAGE

    21 Leach St, Salem, MA 01970-4710

    Unit G10
    $2,130,000
    Estimated value
    0.30 AC lot
    View details
    21 Leach St, Unit G11
    RESIDENTIAL PARKING GARAGE

    21 Leach St, Salem, MA 01970-4710

    Unit G11
    $2,130,000
    Estimated value
    0.30 AC lot
    View details
    21 Leach St, Unit G7
    RESIDENTIAL PARKING GARAGE

    21 Leach St, Salem, MA 01970-4710

    Unit G7
    $2,130,000
    Estimated value
    0.30 AC lot
    View details
    38 Norman St
    PARKING LOT

    38 Norman St, Salem, MA 01970-3331

    $1,280,000
    Estimated value
    2,016 sqft 0.32 AC lot
    View details
    62 Jefferson Ave
    AUTO REPAIR, GARAGE

    62 Jefferson Ave, Salem, MA 01970-2924

    $680,000
    Estimated value
    3,710 sqft 0.22 AC lot
    View details
    31st Boston St
    AUTO REPAIR, GARAGE

    31st Boston St, Salem, MA 01970-2103

    $920,000
    Estimated value
    3,865 sqft 0.52 AC lot
    View details
    119 Webb St
    AUTO REPAIR, GARAGE

    119 Webb St, Salem, MA 01970-4018

    Value Estimation by Request
    1,800 sqft 0.17 AC lot
    View details
    145 Canal St
    GAS STATION

    145 Canal St, Salem, MA 01970-4647

    Value Estimation by Request
    1,084 sqft 0.20 AC lot
    View details
    43 Essex St
    AUTO REPAIR, GARAGE

    43 Essex St, Salem, MA 01970-5256

    Value Estimation by Request
    1,512 sqft 0.05 AC lot
    View details
    46 Tulip St
    AUTO REPAIR, GARAGE

    46 Tulip St, Salem, MA 01970-4530

    $505,000
    Estimated value
    8,714 sqft 0.39 AC lot
    View details
    2 Szetela Ln
    PARKING LOT

    2 Szetela Ln, Salem, MA 01970

    Value Estimation by Request
    0.14 AC lot
    View details
    4 Lily St
    AUTO REPAIR, GARAGE

    4 Lily St, Salem, MA 01970

    Value Estimation by Request
    2,014 sqft 1.62 AC lot
    View details

    Salem, MA Automotive Properties Market Trends and Statistics

    Explore 72 automotive properties for sale in Salem, MA on our real estate platform. These investment opportunities span a total of 5,483 square feet of properties for sale, with an estimated market value of $2,995,000.

    Sale prices for automotive businesses in Salem, MA start at $2,995,000, averaging $2,995,000, 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 4

    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 $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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