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    240 Essex St Haverhill, MA 01832

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    For Sale
    $700,000

    Mixed-use building with commercial space and residential unit in Haverhill.

    Lot size:
    0.05 Acres

    Property Features for 240 Essex St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1900

    Source: Compass Agent Samantha Edwards

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Opportunity Zone

    Located in an Opportunity Zone in Haverhill, this mixed-use building features a first-floor commercial space, currently operating as a neighborhood bar, and a spacious three-bedroom rental unit on the second level. The property offers multiple options, including continuing the bar business, establishing a different business on the first floor while residing above, or renting out the residential unit for income generation. The surrounding area is experiencing new development and is close to public transportation, bars, restaurants, and highway access. The property is also near the tax-free New Hampshire border. The sellers are motivated.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lantern Cafe Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0886657
    Latitude
    42.7763107

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial space and residential unit in Haverhill.
    Where is this mixed-use property located?
    The property is located at 240 Essex St Haverhill, MA.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Mixed-use building featuring a first floor commercial space currently operating as a bar and a 3-bedroom rental unit.; - Located in an Opportunity Zone.; - Potential for owner-occupancy and rental income.
    (857) 350-0282
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    240 Essex St Haverhill, MA 01832
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    Haverhill, MA 01832
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Essex St Haverhill, MA 01832
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