296 & 288 Highland Avenue, Salem, MA 01950

This property presents an investment and redevelopment opportunity with visibility on Highland Avenue. Approved for auto body use, the site is suitable for auto sales, service, repair, or collision operations. The 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 square foot automotive facility equipped with 6 service bays, 4 lifts, showroom space, a manager’s office, title office, parts and stock rooms, a customer waiting area, break room, an ADA-compliant restroom, and a security system. Also included are approximately 12.25 acres of residential land located behind the main commercial site, offering future development potential. The second parcel includes a small residential structure situated on commercially zoned land, presenting redevelopment possibilities for additional parking, expanded commercial use, or potential multifamily development of up to 5 residential units. The property is 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 25,000 vehicles passing the site per day. This location offers multiple permitted uses and potential for investors, owner-users, or developers.