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    109 Eastern Ave Essex, MA 01929

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    For Lease
    $15 SF/Yr

    Restaurant in landmark New England property with seating for 165.

    Lot size:
    3.52 Acres

    Property Features for 109 Eastern Ave

    General Information

    Lot size
    3.52 Acres

    Building Details

    Year built
    1680

    Source: J. Barrett & Company Agent Julia Virden

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

    Overview

    Turnkey Restaurant in Historic Building

    This is an exceptional lease opportunity for a restaurant in a landmark New England property, constructed circa 1637. The building is rich with character, featuring five fireplaces and historic architectural details. A barn-style addition with exposed beams adds rustic appeal and additional dining space. The restaurant has a current seating capacity of 165 and is situated on a 3.5-acre lot, offering abundant on-site parking and room for future outdoor patio seating. The property has maintained a strong local reputation for over 50 years, presenting a rare chance to lease a turnkey restaurant location with proven success and timeless ambiance.
    Insight Report Location Intelligence

    Current Use by Public Records

    Vita Bella Ristorante Italian Restaurant

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Hotel & Motel Skin Care Clinic Department Store

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

    Similar Places Nearby

    Burnham's Clambake

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.7600436
    Latitude
    42.6313209

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    FAQs

    What type of property is this?
    Restaurant - Restaurant in landmark New England property with seating for 165.
    Where is this restaurant located?
    The property is located at 109 Eastern Ave Essex, MA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey restaurant location with a 50+ year history of proven success.; - Landmark New England property with historic ambiance and architectural details.; - Seating capacity of 165.
    (978) 406-7345
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    109 Eastern Ave Essex, MA 01929
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    Essex, MA 01929
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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
    109 Eastern Ave Essex, MA 01929
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