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Active

296 Highland Ave Salem. MA 01970

$2,350,000

Commercial Sale

0 Bedrooms

0 Bathrooms

4,488 sq ft

60 Parking Spots

Built in 1950

High visibility retail site once a restaurant and currently a used car dealership with service bays. This is a 12+ acre site. Most of the parcel is zoned R-1 and could be used for a residential subdivision. The land parcel has a 60' wide easement from Crosby Street which is off of Marlborough Road. Building has two drive in bays, office areas and customer areas. Loading dock in the rear of the building. B-2 zoning for the front section allows a large number of retail, office and other service uses.

This listing has been viewed 18 times in the past 52 days

Last Updated: October 20th, 2024 at 6:03am

General Information for 296 Highland Ave, Salem, Massachusetts 01970

Property TypeCommercial Sale

Price$2,350,000

MLS #73293079

List Date2024-09-20

Special Listing ConditionsNo

StateMassachusetts

Street NameHighland Ave

Unit

CitySalem

Zip Code01970

CountyEssex

MLS Status

AssociationNo

Heat Zones

Sold Date

Building Area Total4488

Building Area Units0

Close Date

Close Price$0

Listing Service

UnparsedAddress296 Highland Ave, Salem MA 01970

Zoning

Zoning DescriptionLegal Conforming

Business TypeCommercial

Interior Features for 296 Highland Ave, Salem, Massachusetts 01970

* Approx. Living Area Total4,488 sq ft

MLS Area (Major)

OffMarketDate

Exterior Features for 296 Highland Ave, Salem, Massachusetts 01970

* Parking Spaces60

* Year Built1950

Year Built Details

Year Built Source

Construction MaterialsNo

Approx. Street Frontage

Utilities

Disclosures for 296 Highland Ave, Salem, Massachusetts 01970

Buyer Agent Compensation2.5

Contingency

FinancingNo

Disclosures

Documents AvailableNo

MLSPIN_COMP_BASED_ON

MLSPIN_COOP_COMP

MLSPIN_DISCLOSURE

Lead PaintUnknown

Facilitator Compensation2.5

TransactionBrokerCompensationType

BuyerAgencyCompensationType

Financial Information for 296 Highland Ave, Salem, Massachusetts 01970

Association Fee$0

Association Fee Frequency

Associaton Fee IncludesNo

AssociationNo

Assessed Value

Real Estate Tax$0

Tax Year

Existing Lease Type

OriginalListPrice$2,500,000

Lifestyle Information for 296 Highland Ave, Salem, Massachusetts 01970

Association AmenitiesNo

Frontage Type

GarageYNNo

Location information for 296 Highland Ave, Salem, Massachusetts 01970

Marketing History for 296 Highland Ave, Salem, Massachusetts 01970

MLSPIN_MARKET_TIME_BROKER

MLSPIN_MARKET_TIME_PROPERTY

PurchaseContractDate

Agent Information for 296 Highland Ave, Salem, Massachusetts 01970

Agent MLS IDC8369012

Office MLS IDC95118

Buyer Agent MLS ID

Buyer Office MLS ID

Team MembersCN226353

Exclusive Listing Agent

David Hark

The Drumlin Group Inc.

Agent Phone

(617) 633-6719

Office Phone

(978) 741-3696

Text Agent Call Agent Call Office

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            [value] => 19/10/2024 07:05:00
        )

[field_3094] => Array
        (
            [field_id] => 3094
            [type] => price
            [name] => SOLD_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3095] => Array
        (
            [field_id] => 3095
            [type] => number
            [name] => STREET_NUM
            [value] => 296
        )

[field_3097] => Array
        (
            [field_id] => 3097
            [type] => text
            [name] => TEAM_MEMBER
            [value] => CN226353
        )

[field_3098] => Array
        (
            [field_id] => 3098
            [type] => text
            [name] => TransactionBrokerCompensation
            [value] => 2.5
        )

[f_3102] => Array
        (
            [field_id] => 3102
            [type] => feature
            [name] => Waterfront
            [values] => Array
                (
                    [0] => No
                )

)

[field_3118] => Array
        (
            [field_id] => 3118
            [type] => price
            [name] => NOI
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[f_3125] => Array
        (
            [field_id] => 3125
            [type] => feature
            [name] => ROAD_TYPE
            [values] => Array
                (
                    [0] => No
                )

)

[field_3164] => Array
        (
            [field_id] => 3164
            [type] => boolean
            [name] => AvailableNow
            [value] => No
        )

[f_3166] => Array
        (
            [field_id] => 3166
            [type] => feature
            [name] => RENT_FEE_INCLUDES
            [values] => Array
                (
                    [0] => No
                )

)

[field_3168] => Array
        (
            [field_id] => 3168
            [type] => price
            [name] => SEC_DEPOSIT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3171] => Array
        (
            [field_id] => 3171
            [type] => text
            [name] => Office Phone
            [value] => 978-741-3696
        )

[field_3172] => Array
        (
            [field_id] => 3172
            [type] => text
            [name] => Agent Phone
            [value] => 617-633-6719
        )

[field_3178] => Array
        (
            [field_id] => 3178
            [type] => boolean
            [name] => AdditionalParcelsYN
            [value] => No
        )

[field_3183] => Array
        (
            [field_id] => 3183
            [type] => number
            [name] => BuildingAreaTotal
            [value] => 4488
        )

[field_3184] => Array
        (
            [field_id] => 3184
            [type] => select
            [name] => BuildingAreaUnits
            [value] => Square Feet
        )

[field_3185] => Array
        (
            [field_id] => 3185
            [type] => text
            [name] => BuyerAgencyCompensation
            [value] => 2.5
        )

[f_3188] => Array
        (
            [field_id] => 3188
            [type] => feature
            [name] => CommunityFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3189] => Array
        (
            [field_id] => 3189
            [type] => price
            [name] => ConcessionsAmount
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[f_3190] => Array
        (
            [field_id] => 3190
            [type] => feature
            [name] => ConstructionMaterials
            [values] => Array
                (
                    [0] => No
                )

)

[field_3192] => Array
        (
            [field_id] => 3192
            [type] => number
            [name] => ParkingTotal
            [value] => 60
        )

[f_3195] => Array
        (
            [field_id] => 3195
            [type] => feature
            [name] => CurrentFinancing
            [values] => Array
                (
                    [0] => No
                )

)

[f_3196] => Array
        (
            [field_id] => 3196
            [type] => feature
            [name] => DocumentsAvailable
            [values] => Array
                (
                    [0] => No
                )

)

[f_3198] => Array
        (
            [field_id] => 3198
            [type] => feature
            [name] => DoorFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3200] => Array
        (
            [field_id] => 3200
            [type] => price
            [name] => ElectricExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3205] => Array
        (
            [field_id] => 3205
            [type] => date
            [name] => ExpirationDate
            [value] => 01/01/1900
        )

[field_3206] => Array
        (
            [field_id] => 3206
            [type] => select
            [name] => FarmLandAreaUnits
            [value] => Square Feet
        )

[f_3207] => Array
        (
            [field_id] => 3207
            [type] => feature
            [name] => FinancialDataSource
            [values] => Array
                (
                    [0] => No
                )

)

[field_3216] => Array
        (
            [field_id] => 3216
            [type] => price
            [name] => GrossIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3220] => Array
        (
            [field_id] => 3220
            [type] => price
            [name] => InsuranceExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3222] => Array
        (
            [field_id] => 3222
            [type] => text
            [name] => ListingAgreement
            [value] => Exclusive Right To Sell
        )

[field_3223] => Array
        (
            [field_id] => 3223
            [type] => date
            [name] => ListingContractDate
            [value] => 20/09/2024
        )

[f_3225] => Array
        (
            [field_id] => 3225
            [type] => feature
            [name] => LotFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3226] => Array
        (
            [field_id] => 3226
            [type] => area
            [name] => LotSizeSquareFeet
            [value] => 524,654 Sqft
            [raw] => 524654
            [unit_id] => 1
        )

[field_3230] => Array
        (
            [field_id] => 3230
            [type] => price
            [name] => OperatingExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3231] => Array
        (
            [field_id] => 3231
            [type] => price
            [name] => OriginalListPrice
            [raw] => 2500000
            [unit_id] => 260
            [value] => $2,500,000
            [price_only] => $2,500,000
        )

[f_3238] => Array
        (
            [field_id] => 3238
            [type] => feature
            [name] => SpecialListingConditions
            [values] => Array
                (
                    [0] => No
                )

)

[field_3240] => Array
        (
            [field_id] => 3240
            [type] => text
            [name] => UnparsedAddress
            [value] => 296 Highland Ave, Salem MA 01970
        )

[field_3241] => Array
        (
            [field_id] => 3241
            [type] => price
            [name] => WaterSewerExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3246] => Array
        (
            [field_id] => 3246
            [type] => text
            [name] => ZoningDescription
            [value] => Legal Conforming
        )

[f_3247] => Array
        (
            [field_id] => 3247
            [type] => feature
            [name] => BusinessType
            [values] => Array
                (
                    [0] => Commercial
                )

)

[field_3248] => Array
        (
            [field_id] => 3248
            [type] => datetime
            [name] => OriginalEntryTimestamp
            [value] => 20/09/2024 18:44:00
        )

[field_3265] => Array
        (
            [field_id] => 3265
            [type] => price
            [name] => MLSPIN_GRE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3266] => Array
        (
            [field_id] => 3266
            [type] => price
            [name] => MLSPIN_HTE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3281] => Array
        (
            [field_id] => 3281
            [type] => price
            [name] => MLSPIN_MGF
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3282] => Array
        (
            [field_id] => 3282
            [type] => price
            [name] => MLSPIN_MSE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3285] => Array
        (
            [field_id] => 3285
            [type] => price
            [name] => MLSPIN_OPTIONAL_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3290] => Array
        (
            [field_id] => 3290
            [type] => price
            [name] => MLSPIN_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3292] => Array
        (
            [field_id] => 3292
            [type] => price
            [name] => MLSPIN_RFS
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3293] => Array
        (
            [field_id] => 3293
            [type] => price
            [name] => MLSPIN_RME
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3301] => Array
        (
            [field_id] => 3301
            [type] => select
            [name] => RoomMasterBathroomFeatures
            [value] => Yes
        )

[field_3303] => Array
        (
            [field_id] => 3303
            [type] => text
            [name] => Co Agent Info
            [value] => [{"id":"CN226353","name":"Mark Shapiro","phone":"6
        )

[f_3304] => Array
        (
            [field_id] => 3304
            [type] => feature
            [name] => AssociationAmenities
            [values] => Array
                (
                    [0] => No
                )

)

[f_3305] => Array
        (
            [field_id] => 3305
            [type] => feature
            [name] => TenantPays
            [values] => Array
                (
                    [0] => No
                )

)

[field_3306] => Array
        (
            [field_id] => 3306
            [type] => price
            [name] => GrossScheduledIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3311] => Array
        (
            [field_id] => 3311
            [type] => number
            [name] => BRE_Total_Parking
            [value] => 60
        )

)

EXIT

16 More Photos

Active

296 Highland Ave Salem. MA 01970

$2,350,000

General Information for 296 Highland Ave, Salem, Massachusetts 01970

Interior Features for 296 Highland Ave, Salem, Massachusetts 01970

Exterior Features for 296 Highland Ave, Salem, Massachusetts 01970

Disclosures for 296 Highland Ave, Salem, Massachusetts 01970

Financial Information for 296 Highland Ave, Salem, Massachusetts 01970

Lifestyle Information for 296 Highland Ave, Salem, Massachusetts 01970

Location information for 296 Highland Ave, Salem, Massachusetts 01970

Marketing History for 296 Highland Ave, Salem, Massachusetts 01970

Agent Information for 296 Highland Ave, Salem, Massachusetts 01970

Exclusive Listing Agent

David Hark

The Drumlin Group Inc.

EXIT

16 More Photos

Active

296 Highland Ave Salem. MA 01970

$2,350,000

General Information for 296 Highland Ave, Salem, Massachusetts 01970

Interior Features for 296 Highland Ave, Salem, Massachusetts 01970

Exterior Features for 296 Highland Ave, Salem, Massachusetts 01970

Disclosures for 296 Highland Ave, Salem, Massachusetts 01970

Financial Information for 296 Highland Ave, Salem, Massachusetts 01970

Lifestyle Information for 296 Highland Ave, Salem, Massachusetts 01970

Location information for 296 Highland Ave, Salem, Massachusetts 01970

Marketing History for 296 Highland Ave, Salem, Massachusetts 01970

Agent Information for 296 Highland Ave, Salem, Massachusetts 01970

Exclusive Listing Agent

David Hark

The Drumlin Group Inc.

Neighborhood

Properties for sale in Ipswich