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For Sale
$2,795,000

296 & 288 Highland Avenue, Salem, MA 01950

Commercial Sale, Salem, MA

Property SizeContact for details
Lot Size12.25 Acres
Days on Market105

Property Features for 296 & 288 Highland Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial/Residential
Lot features Near Shopping, Major Road Frontage
Standard status Active
Lot size 12.25 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 39693

Utilities

Water source Public

Building Details

Year built 1950
Building materials Steel Frame
Roof type Flat, Membrane
Listing Agency: Keller Williams Realty Metro-Londonderry
Listed By: Doug Martin · License #065638
Added: May 12 Changed: Aug 19 Last Checked: Aug 24 at 3:06AM
MLS# 5088383

Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Analytics

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.

Location Intelligence

Trade Area within ½ mile

373
Businesses Nearby
52k
Monthly Visits Nearby
Balanced
Demand for This Use

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
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Town Fair Tire 311 Highland Ave, Salem, MA 01970
  • Highland Ave Auto Body 455 Highland Ave, Salem, MA 01970
  • Pep Boys 232 Highland Ave, Salem, MA 01970
  • jays auto tuning 56 Swampscott Rd, Salem, MA 01970
  • Salem High School Automotive Center 77 Willson St, Salem, MA 01970

Frequently Asked Questions

Where is this auto shop located?
The property is located at 296 & 288 Highland Avenue Salem, MA.
What is the asking price?
The asking price for this property is $2,795,000.
More about this property
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