259 Essex St Saugus, MA 01906
- Turn key restaurants
- 3,200 SF
- 0.47 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 259 Essex St
- Year built
- 1991
- Lot size
- 0.47 lot acres
- Property size
- 3,200 SF
- Zone code
- NA
- Property type
- Turn key restaurants
- APN
- SAUG M:007-D B:0005 L:0005
- APU
- SAUGM007DB0005L0005
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,830,000
- 6.5%
- $1,540,000
- 7%
- $1,565,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,535,000
- Geo Method
- $1,430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,035,000
- Retail
- $1,830,000
- Mixed-Use
- $1,900,000
- Hospitality
- $2,125,000
- Educational
- $1,935,000
- Residential Income
- $2,010,000
- Energy
- $1,775,000
- Income-Based Land
- $1,695,000
- Food Service
- $1,630,000
Location Insight
- Map
- Local Demand
- City
- Saugus
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.023
- Latitude
- 42.4581
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
