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Redevelopment Opportunity: Four Lots
For Sale
$2,900,000

483-485 Highland Avenue, Salem, MA 01970

Four lots available for redevelopment, commercial and residential.

Property Size1,572 SF
Days on Market193

Property Features for 483-485 Highland Avenue

General Information

Standard status Active
Size 1,572 SF
Class C
Property subtype Office
Net Operating Income $36,000

Building Details

Building Size 1,572 SF
Listed By: Christopher Brown · License #MA #9552112
Source: 7s
Added: Mar 27 Changed: Sep 11 Last Checked: Oct 4 at 6:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christopher Brown

Investment Insights

Based on property information with market context.

Four lots are available for redevelopment. Three commercial lots are located in Salem, MA, and one residential lot is located in Lynn, MA. The lots are continuous on Highland Ave and have multiple access points.

Key Highlights

  • Redevelopment opportunity across four lots.
  • Three commercial lots in Salem, MA.
  • One residential lot in Lynn, MA.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Building Supply

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

307
Businesses Nearby

Demographics for 01970, MA

44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value
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Frequently Asked Questions

What type of property is this?
Commercial land - Four lots available for redevelopment, commercial and residential.
Where is this commercial land located?
The property is located at 483-485 Highland Avenue Salem, MA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Redevelopment opportunity across four lots.; Three commercial lots in Salem, MA.; One residential lot in Lynn, MA.
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