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    OFF-MARKET
    Commercial real estate

    Main St, Essex, MA 01929

    1.09 ac lot Built 1925
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.09-acre property in Essex, MA, presents a rare development opportunity for discerning investors and contractors. Currently housing a restaurant and motel/inn, this site boasts stunning waterfront views of the Essex River, Cranes Beach, and Hog Island. The property's prime location along the Essex Causeway offers unparalleled access to local amenities, including restaurants, shopping, and marinas. Convenient access to major roadways such as Routes 133, 22, 1A, and 95 ensures easy commuting. A key feature is the inclusion of 17 private dock slips directly on the water, enhancing the property's desirability. The property is serviced by town water and sewer, and ample parking is available. The seller is open to including an adjacent property for expanded parking options. The potential for waterfront condominium development is significant, given the picturesque setting and convenient location. This is a truly unique opportunity to create a high-value development in a highly sought-after area. Showings are by appointment only, and access is strictly limited to accompany the listing representative. Prospective buyers are responsible for conducting their own due diligence.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1925
    Lot 1.09 ac (47,480 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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