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    Property profile & analytics

    Main St Essex, MA 01929

    • Commercial real estate
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Main St

    Year built
    1925
    Lot size
    1.09 lot acres
    Property type
    Commercial real estate

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.7824
    Latitude
    42.6354

    Comparable in this City

    • Value Estimation by Request
      22.46 Acres

      1 Laurel Ln

      COMMERCIAL (GENERAL) • 22.46 Acres
      1 Laurel Ln, Essex, MA 01929-1418
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    • Value Estimation
      $1,830,000
      1.31 Acres

      55 Main St

      COMMERCIAL (GENERAL) • 1.31 Acres
      55 Main St, Essex, MA 01929-1342
      View Details
    • Value Estimation
      $495,000
      4,500 SF

      21 Western Ave

      SHOW ROOM, WAREHOUSE • 4,500 SF
      21 Western Ave, Essex, MA 01929-1207
      View Details
    • Value Estimation by Request
      1.43 Acres

      82 Main St

      COMMERCIAL (GENERAL) • 1.43 Acres
      82 Main St, Essex, MA 01929-1343
      View Details
    • Value Estimation by Request
      3.00 Acres

      140 Western Ave

      COMMERCIAL (GENERAL) • 3.00 Acres
      140 Western Ave, Essex, MA 01929-1111
      View Details
    • Value Estimation
      $510,000
      1.93 Acres

      166 Eastern Ave

      COMMERCIAL (GENERAL) • 1.93 Acres
      166 Eastern Ave, Essex, MA 01929-1328
      View Details

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    Similar Nearby for Lease

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      Office space suitable for medical or general commercial use.
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    Main St
    Essex, MA 01929
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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
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