296 Highland Ave - Auto Repair FOR SALE


Salem, MA 01970- South Salem
$2,250,000 USD
978-235-4795
296 Highland Ave, Salem, MA for Sale
$2,250,000 USD
Auto Repair - FOR SALE
1/10
null | Request Cap Rate

296 Highland Ave
Salem, MA 01970
South Salem


HIGHLIGHTS

  • 12 Acre Lot Zoned Mixed Use Commercial / Residential
  • 33K Vehicles per Day
  • Located Between Two Signalized Intersections
  • 150 Foot Frontage with Two Curb Cuts
  • Former Use was a Restaurant
  • Current Use is a 58 Car Dealership

OVERVIEW

Pleased to announce for sale 296 Highland Ave Salem, a highly visible retail site. Once a restaurant the current owner is a 58-car dealership operating within a stand-alone 4,488-sf auto service shop with show room and office area. 296 Highland Ave is a 12.07-acre lot with mixed zoning, [B-2 and R1], with 150 feet of frontage with two curb cuts located between two signalized intersections. Highland Ave is part of the Entrance Corridor Overlay Zoning with traffic counts exceeding 33,000 per day. Retail neighbors include Town Faire Tire, Pep Boys, Hawthorne Square Shopping Plaza, Shaw’s Plaza. This is location, location, location.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$501 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

12.07 AC

LAND SF

525,769 SF

ZONING

B2 / R1

APN/PARCEL ID

SALE-000008-000000-000029

ASK ABOUT THIS PROPERTY

Rich VincentHerrick Lutts CommercialMore Info
978-235-4795

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Rich VincentHerrick Lutts CommercialMore Info
978-235-4795

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