Main St, Essex, MA 01929
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.