Advertise
    Salem, MA
    Residential

    Salem, MA Residential Land & Home Lots for Sale

    Notify Me
    List
    Map
    Peabody, MA Beverly, MA Danvers, MA Marblehead, MA Swampscott, MA Lawrence, MA Lynn, MA Lynnfield, MA
    Automotive Facility with Service Bays
    Updated: Jul 5
    Automotive Facility with Service Bays

    296 & 288 Highland Ave, Salem, MA 01970

    $2,995,000
    5,483 sqft
    Approved for auto body use on a high‑traffic retail corridor along Highland Ave
    Automotive facility on the primary retail parcel: 4,488 SF with 6 service bays, 4 lifts, and showroom space
    Includes manager’s office, parts & stock rooms, customer waiting area, and a security system
    Two commercial lots with over 200 ft of frontage on Highland Ave
    Second parcel includes a small residential structure on commercially zoned land, offering redevelopment possibilities
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    296 & 288 Highland Ave, Salem, MA 01970

    View Property Analytics

    • 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
    Auto Body Facility Redevelopment Opportunity
    Updated: May 12
    Auto Body Facility Redevelopment Opportunity

    296 Highland Ave, Salem, MA 01970

    Contact for pricing
    4,488 sqft
    Approved for AUTO BODY use, suited for auto sales, service, repair, or collision operations
    4,488 SF automotive facility with 6 service bays, 4 lifts, showroom, manager’s office, title office, parts/stock rooms, and customer waiting area
    Facility includes an ADA‑compliant restroom and a security system
    Two commercial lots with over 200 ft of frontage on a high‑traffic retail corridor; more than 35,000 vehicles pass per day
    Second parcel includes a small residential structure on commercially zoned land with redevelopment potential
    View details
    Mixed-Use Development Land Parcels
    Mixed-Use Development Land Parcels

    266 Canal St, Salem, MA 01970

    Contact for pricing
    3.60 AC lot

    Two parcels totaling 3.6 acres at Canal Street offer development potential for retail, apartments, and office use.

    View details
    Land
    Land

    4 Valley St, Salem, MA 01970

    $349,900

    Residential land & home lots

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Redevelopment Opportunity: Four Lots
    Redevelopment Opportunity: Four Lots

    483-485 Highland Ave, Salem, MA 01970

    Contact for pricing

    Four lots available for redevelopment, commercial and residential.

    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Salem, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Land Adjacent Rail Trail
    Land Adjacent Rail Trail

    63 Adams St, Danvers, MA 01923

    $200,000
    1.52 AC lot

    1.52-acre lot abutting the Danvers Rail Trail, assessed as potential land with a building and requiring due diligence.

    View details
    Danvers Land Near Rail Trail
    Danvers Land Near Rail Trail

    63 Adams St, Danvers, MA 01923

    $200,000
    1.52 AC lot

    1.52 acre lot near North Shore amenities.

    View details
    Development Opportunity Near Downtown Lynn
    Development Opportunity Near Downtown Lynn

    0 High St, Lynn, MA 01902

    $349,000
    0.11 AC lot

    Development opportunity near downtown, shops, restaurants, and commuter rail.

    View details
    Buildable Lot in Ward 1
    Buildable Lot in Ward 1

    40 Anchor Rd Lot 2, Lynn, MA 01904

    $149,999
    0.24 AC lot

    Residential land for sale in Lynn, Massachusetts.

    View details

    Salem, MA Residential Land & Home Lots Market Trends and Statistics

    Explore 5 residential land & home lots for sale in Salem, MA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 166,787 square feet of properties for sale, with an estimated market value of $3,344,900.

    Sale prices for home sites in Salem, MA start at $349,900, averaging $1,672,450, 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.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 5
    Industrial land 3
    Commercial land 2

    Demographics Overview

    Population 44K
    Population Growth (5Y) +2.2%
    Median Household Income $85,189
    College Educated 35.2%

    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)

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Salem, MA

    Popular Categories

    Most Searched ZIP Codes in Salem, MA

    • 01970

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!