Building Details

Year Built 1929

Stories 15

Listing Agency: Kelleher & Sadowsky Associates Inc s***@kelleher-sadowsky.com Show Phone

Listed By: Philip DeSimone · License #9536924

Source: Crexi

Added: Jan 24 Changed: Aug 21 Last Checked: Aug 22 at 12:43PM

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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 Kelleher & Sadowsky Associates Inc

Investment Insights

Based on property information with market context.

Located at 36 Essex Street in Wenham, MA, this redevelopment opportunity features approximately 115,000 square feet of space in three connected properties situated on 50.48 acres. The original property, a Gilded Age mansion, was built in 1929 and includes two modern additions. The property is located 35 minutes from Boston and three minutes to Rt-128. Wenham combines New England charm with a median family income of $207,244. Essex County has more than 250,000 residents over 55 years of age. The property is located within the Residential Zoning District, which allows for single family residential, educational, and non-profit uses by right. Developers may also opt into the Independent Living Overlay District or the Senior Living Overlay District. The former school has filed for Chapter 11 Bankruptcy, with the goal of selecting a buyer by January 2026. The property is 26 miles (35 minutes) from downtown Boston by car, with commuter rail service a few miles away. West Beach in Beverly is nine minutes away, and the area is rich in dining, shopping, museums, and cultural attractions. The property is well-positioned for connectivity.

Key Highlights

• Prime re‑development opportunity for a 55+ residential community on 50.48 acres.
• Located in Wenham, MA, a desirable New England town with strong demographics.
• Conveniently located 35 minutes from Boston and 3 minutes from Rt‑128, offering easy access to urban amenities.

Property Analytics

Property Profile

Current Use

The Academy at Penguin Hall High School

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Spa & Massage Center HVAC Service Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 01984, MA

4,979

Population

1,390

Households

3.6

Avg Household Size

30

Median Age

70%

College-Educated

100%

High-School Grad

7.7 sq mi

ZIP Area

647

Density / Sq Mi

$187,652

Median Household Income

$28,991

Median Earnings

$841,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Senior housing / Retirement Home - 55+ residential community redevelopment opportunity on 50.48 acres.

Where is this senior housing / retirement home located?

The property is located at 36 Essex St Wenham, MA.

What are key features of this property?

This property features: Prime re‑development opportunity for a 55+ residential community on 50.48 acres.; Located in Wenham, MA, a desirable New England town with strong demographics.; Conveniently located 35 minutes from Boston and 3 minutes from Rt‑128, offering easy access to urban amenities.