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296 HIGHLAND AVE
SALEM, MA 01970-1841
Asking Price
$3.00M
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Approved for Auto Body Use <ul><li>Approved for Auto Body Use - 4,488 SF Building with 6 Bays, 4 Lifts, Showroom, Offices, and Customer Waiting Area</li><li>200+ feet of Frontage on high traffic retail corridor with 35,000+ vehicles per day</li><li>12+ acres of Residential Land Located Behind the Commercial Building for Future Development Potential</li><li>Second Parcel - 995 sf Residential Home situated on Commercial Zoned Land-Excellent Redevelopment Possibilities</li><li>Located alongside Major National Retailers:
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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.89%
Monthly Payment
$14,817.626
Annual Cash Flow
$-97,811.51
