Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Bakery and Coffee Shop Title is generated by Realmo AI

    162 Main St, Essex, MA 01929

    View on Map
    Claim this Listing
    New
    For Sale
    $625,000

    Fully renovated storefront offers an open, light-filled layout with a private rear patio and ADA-compliant updates.

    Property size:
    1,114 SF
    Price / SF:
    $561/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 5:46 am

    Property Features for 162 Main St

    General Information

    Standard status
    Active
    Size
    1,114 SF

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    Monahan Barker Team

    Listing agent Monahan Barker Team

    Listing office LandVest, Inc., Ipswich

    Listing date Jun 5, 2026

    Source 413realestate

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

    All listing content including descriptions, pricing, images are the copyrighted material of LandVest, Inc., Ipswich

    HighLights

    • Fully renovated 1963‑built storefront currently operating as a bakery and coffee shop
    • Light‑filled interior with open layout and cathedral ceilings
    • ADA‑compliant improvements plus all new plumbing and electrical
    • Mini‑split systems and new windows
    • Private rear patio with marsh views
    • Includes seating for nine and three dedicated parking spaces

    Overview

    This fully renovated Main Street storefront is currently configured as a bakery and coffee shop, with an efficient open layout designed for customer service and day-to-day operations. The light-filled interior features cathedral ceilings and seating for nine, supported by updated systems throughout. Improvements include all new plumbing and electrical, ADA-compliant upgrades, mini-split systems, and new windows. A private rear patio extends the space for outdoor seating or overflow use.

    The property is located in the heart of Essex Village, with proximity to restaurants, shops, marinas, and recreation. It also includes three dedicated parking spaces, supporting convenient in-town access for customers or employees.

    The current bakery/café configuration provides a turnkey option for operators seeking a ready-to-open space, while the updated infrastructure and flexible interior layout may also support other commercial uses or a mixed-use concept, subject to applicable approvals. The combination of storefront presence, comfortable seating, and a private outdoor patio makes it particularly suited to tenants or buyers looking for an in-town space that can function as both a retail and service-oriented environment.
    Location Intelligence

    Current Use by Public Records

    Essex River Dogs Take-out & Catering

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Pharmacy Gym & Fitness Center Big Box & Wholesale Store

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

    Similar Places Nearby

    • Mayflour — 162 Main St, Essex, MA 01929

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.7715839
    Latitude
    42.6291412

    Nearby Similar for Sale

    • $785,000
      2,376 SF

      Mixed-Use Retail Office Residence

      Two-story building with first-floor retail/office space and second-floor residential unit, plus updated roof and boiler.
      7 Main St, Essex, MA 01929
      View Details
    • $695,000

      Renovated Essex Property on Main

      Renovated property suitable for commercial or residential use.
      162 Main St, Essex, MA 01929
      View Details
    • $19,000

      Brewery Facility in Essex, MA

      Turnkey brewery facility in pristine condition, ready for new management.
      99 Main Street, Essex, MA 01929
      View Details
    • Contact for pricing
      1,114 SF

      Renovated Property on Main Street

      Renovated property suitable for commercial or residential use.
      162 Main Street, Essex, MA 01929
      View Details

    FAQs

    What type of property is this?
    Coffee shop - Fully renovated storefront offers an open, light-filled layout with a private rear patio and ADA-compliant updates.
    Where is this coffee shop located?
    The property is located at 162 Main St Essex, MA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Fully renovated 1963‑built storefront currently operating as a bakery and coffee shop; Light‑filled interior with open layout and cathedral ceilings; ADA‑compliant improvements plus all new plumbing and electrical
    We can help!
    Listing Contact
    Monahan Barker Team
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    162 Main St, Essex, MA 01929
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!