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Crystal Athas
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296 & 288 Highland Ave, Salem, MA 01970

$2,995,000
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Active Price Reduced $500,000 on June 10th, 2026
SQUARE FEET5,483 MLS#73517059
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Exceptional investment / redevelopment opportunity with outstanding visibility on busy Highland Ave. The property is approved for AUTO BODY USE -a highly sought-after & difficult-to-obtain approval & is ideal for auto sales, service, repair, or collision operations.This unique offering includes 2 commercial lots with over 200 ft of frontage in a high-traffic retail corridor.The primary retail parcel features a 4,488 SF automotive facility equipped with 6 service bays, 4 lifts, showroom space, managers office, parts & stock rooms, customer waiting area, security system. Also included are approximately 12 acres of residential land located behind the main commercial site, offering significant future development potential.The second parcel includes a small residential structure situated on commercially zoned land, presenting excellent redevelopment possibilities.Strategically located alongside major national retailers and traffic generators w/ more than 35,000 vehicles per day.

296 & 288 Highland Ave | MLS# 73517059

This commercial property located at 296 & 288 Highland Ave, Salem, MA 01970 is currently listed for sale with an asking price of $2,995,000. Search Salem real estate on crystalathas.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 12.25 Acres
Taxes: $39,693
Year Built: 1950

Feature Descriptions

Building Area Total: 5483
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 35
Rental Term: Monthly
Utilities: Public Water, Public Sewer

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty - Londonderry
Agent Name: Doug Martin
Agency Phone: 603-965-2992

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Shown By

Agent Name: Crystal Athas
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/17/2026. The listing information on this page last changed on 06/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/17/2026 12:02:12 AM EST) or MLSPIN MLS (last updated Tue 06/16/2026 11:38:31 PM EST) or Prime MLS (last updated Tue 06/16/2026 11:33:09 PM EST) or MREIS (last updated Tue 06/16/2026 11:55:14 PM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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