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    7 Main St Essex, MA 01929

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    For Sale
    $1,695,000

    Two mixed-use buildings with residential, commercial, and retail spaces.

    Lot size:
    0.56 Acres

    Property Features for 7 Main St

    General Information

    Lot size
    0.56 Acres

    Building Details

    Year built
    2017

    Source: Churchill Properties Agent Karen Bernier

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

    Overview

    Essex Mixed-Use Investment Opportunity

    This mixed-use property in the Essex business district features two detached buildings suitable for residential, commercial, and retail use. One building has undergone recent renovations, including a 2021 roof replacement, 2023 heating system upgrade, 2022 window replacement, and exterior shingle and paint work completed in 2025. The first floor of this building is currently operating as a gift shop, while the second floor houses a spacious two-bedroom residential apartment. The second building, constructed in 2017, fronts on Pickering Street and is presently used as a wellness center, offering three separate or combined office suites or studio spaces. The second floor of this building contains a spacious and bright two-bedroom apartment, featuring a living room and dining area combination, a full bathroom with a tub and shower, a modern kitchen with a granite island, and sliders leading to a deck overlooking the property. This building also includes central air conditioning. The property spans 0.56 acres of flat, usable land and is connected to town water and sewer services, as well as natural gas.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sea Meadow Gifts ... Gift Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.7825253
    Latitude
    42.6348461

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    FAQs

    What type of property is this?
    Mixed-use property - Two mixed-use buildings with residential, commercial, and retail spaces.
    Where is this mixed-use property located?
    The property is located at 7 Main St Essex, MA.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - Mixed-use property in Essex Business District offering residential, commercial, and retail potential.; - Two detached buildings on a .56-acre lot connected to town water, sewer, and natural gas.; - Property #1 features a 2021 roof, 2023 heating system, 2022 windows, and 2025 exterior updates.
    (978) 807-5580
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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
    7 Main St Essex, MA 01929
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