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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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296 Highland Ave , Salem, MA 01950
$20,000
Est. Payment: $44.44/mo
0 Bed
0 Bath
4488 Sqft
Status: Active | Days on site: 62
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1004 - 616928,612945
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House Description

Outstanding visibility on busy Highland Avenue. The property is approved for AUTO BODY USE — a highly sought-after and difficult-to-obtain approval — and is ideal for auto sales, service, repair, or collision operations. This retail parcel features a 4,488 SF automotive facility equipped with 6 service bays, 4 lifts, showroom space, manager’s office, title office, parts and stock rooms, customer waiting area, break room, ADA-compliant restroom, and security system. Strategically located alongside major national retailers and traffic generators including Walmart, Target, The Home Depot, Planet Fitness, McDonald's, and Burger King. A signalized intersection stops traffic directly in front of the property, enhancing visibility, accessibility, and overall traffic flow, with more than 35,000 vehicles passing the site per day. This lease for the automotive facility is $15,000 per month modified gross. The residential home (288 Highland Ave) is also available for lease for a total of $20,000 per month. Both of these parcels are also available for sale.

Highlights

Listed by Paula Martin Group , 603-770-5162 and Doug Martin , 603-232-8282 Keller Williams Realty Metro-Londonderry , 603-232-8282.

Property Type

Commercial Lease

Lot/Acreage
12.25

Year Built

1950

County

Essex

Listing ID

5100264

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Near Shopping,Major Road Frontage
Zoning:Commercial
Sewer:Public
Principal Interest
$44
Taxes
$13

Home Price

$20,000

Loan Details

30 yrs
%

Down Payment

20%
$4,000
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Monthly Price:
$44.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $44.44 $12.75 $0.00 $57.19
Yearly $533.33 $153.00 $0.00 $686.33
Total $16,000.00 $4,590.00 $0.00 $20,590.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Salem, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.