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    259 Essex St Saugus, MA 01906

    Sponsored
    For Lease
    Contact for pricing

    Prime Essex Street restaurant, drive-thru potential.

    Lot size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3,200 square foot restaurant building in Saugus, Massachusetts presents a rare opportunity. Located at 259 Essex Street, this single-tenancy property boasts a highly visible pad site with direct sightlines from Route 1, ensuring maximum exposure to the substantial daily traffic volume exceeding 120,000 vehicles. Its strategic location offers convenient access from both the northbound and southbound lanes of Route 1, maximizing accessibility for customers. The property is a second-generation restaurant space, presenting the potential for a drive-thru addition, further enhancing its operational capabilities. This location benefits from its proximity to the Square One Mall, a significant retail center anchored by major brands such as Dick's Sporting Goods, Best Buy, Macy's, and T.J. Maxx, drawing a large customer base. The property sits within a super regional trade area encompassing over 470,000 people, boasting an average household income of $114,350 within a five-mile radius, indicating strong consumer spending power. A proposed new pylon sign will further increase visibility and brand recognition. Situated in Essex County, this property offers a compelling investment opportunity in a high-traffic, densely populated area with strong retail synergy. The property's address is 259 Essex Street, Saugus, MA 01906.

    Property Features for 259 Essex St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,200 SF

    Unit(s) available at that property

    Space
    Space Available
    Size
    3,200 SF

    HighLights

    • 3,200 SF restaurant building with drive‑thru potential.
    • High‑visibility pad site on Route 1 in Saugus, MA, with over 120,000 vehicles daily.
    • Second‑generation restaurant space with excellent access from Route 1.
    • Strong retail synergy near Square One Mall (Dick's, Best Buy, Macy's, T.J. Maxx).
    • Located in a densely populated area with a 5‑mile radius average household income of $114,350.
    • Proposed pylon sign for increased visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0229633
    Latitude
    42.4582905

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    FAQs

    What type of property is this?
    Restaurant - Prime Essex Street restaurant, drive-thru potential.
    Where is this restaurant located?
    The property is located at 259 Essex St Saugus, MA.
    What are key features of this property?
    This property features: 3,200 SF restaurant building with drive-thru potential.; High-visibility pad site on Route 1 in Saugus, MA, with over 120,000 vehicles daily.; Second-generation restaurant space with excellent access from Route 1.
    Request Owner's contact information
    259 Essex St Saugus, MA 01906
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    Saugus, MA 01906
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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
    259 Essex St Saugus, MA 01906
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