Turnkey Bakery and Coffee
162 Main St Essex, MA 01929
162 Main St, Essex, MA, 01929
$625,000
For Sale
$625,000
Fully renovated storefront offers an open, light-filled layout with a private rear patio and ADA-compliant updates.
Property Size1,114 SF
Price / SF$561.04
Days on Market48
Property Features for 162 Main St
General Information
- Standard status
- Active
- Size
- 1,114 SF
Building Details
- Year Built
- 1963
Listing agency
LandVest, Inc., Ipswich
Listed by
Monahan Barker Team
Source
413realestate
Added: Jun 5 Updated: Jul 10 at 4:00PM Checked: Jul 22 at 2:43AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $25.20 |
| − Vacancy | −$618 | −$0.55 |
| EGI | $27.5k | $24.65 |
| − OpEx | −$6.9k | −$6.16 |
| NOI | $20.6k | $18.48 |
1,114 SF · lease $25.20/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$294.2K
$257.4K – $343.2K
NOI $20,591 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$659.5K
$577.1K – $769.4K
NOI $46,164 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Essex River Dogs
Take-out & Catering
Similar For Sale Nearby
Similar Off Market Nearby
- Mayflour — 162 Main St, Essex, MA 01929
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
