Building Details

Building Size 4,488 SF

Year Built 1950

Listing Agency: Colliers - Manchester, New Hampshire

Listed By: Doug Martin · License #065638 Show Phone

Source: Elliman

Added: Jul 20 Changed: Aug 26 Last Checked: Sep 4 at 2:26PM

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Investment Insights

Based on property information with market context.

This auto body–approved automotive facility includes six service bays and four lifts, along with showroom space. The building also features a manager’s office, title office, parts and stock rooms, a customer waiting area, and a break room, plus an ADA-compliant restroom and a security system.

The property is located on busy Highland Avenue with outstanding visibility. A signalized intersection stops traffic directly in front of the site, and the parcel is positioned alongside major national retailers and traffic generators.

The space is offered for lease as an automotive facility under modified gross terms.

Key Highlights

• 4,488 SF automotive facility with 6 service bays and 4 lifts
• Includes showroom space, manager’s office, title office, parts/stock rooms, and customer waiting area
• ADA‑compliant restroom and security system in the automotive facility

Property Analytics

Property Profile

Current Use

CarFive Car Dealership Clayton Company General Contractor

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Restaurant Kitchen & Bath Showroom Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Service bays

35,000 VPD

Traffic count

Modified Gross

Lease Type

Location Intelligence

Trade Area within ½ mile

373

Businesses Nearby

52k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 87% Shops & Services 8% Electronics 5%

The Home Depot Home Improvements & Furnishings

44,873 visits/mo 0.2 miles

T-Mobile Electronics

2,721 visits/mo 0.1 miles

Pep Boys Auto Parts & Service Shops & Services

2,432 visits/mo 0.3 miles

AutoZone Shops & Services

1,558 visits/mo 0.3 miles

Demographics for 01950, MA

18,289

Population

8,298

Households

2.2

Avg Household Size

50

Median Age

66%

College-Educated

98%

High-School Grad

8.4 sq mi

ZIP Area

2,177

Density / Sq Mi

$144,259

Median Household Income

$85,573

Median Earnings

$1,511

Median Rent

$792,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the lease rate? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Highland Ave Auto Body — 455 Highland Ave, Salem, MA 01970
• jays auto tuning — 56 Swampscott Rd, Salem, MA 01970
• Town Fair Tire — 311 Highland Ave, Salem, MA 01970
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Frequently Asked Questions

What type of property is this?

Auto shop - Automotive facility includes six service bays, four lifts, showroom, offices, and ADA-compliant restroom.

Where is this auto shop located?

The property is located at 296 Highland Ave Salem, MA.

What is the lease rate?

The lease rate is $20,000/Mo.

What are key features of this property?

This property features: 4,488 SF automotive facility with 6 service bays and 4 lifts; Includes showroom space, manager’s office, title office, parts/stock rooms, and customer waiting area; ADA‑compliant restroom and security system in the automotive facility