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    Property profile & analytics

    122 Main St Essex, MA 01929-1304

    • Turn key restaurants
    • 4,800 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $965,000
    Last Sale
    Apr 30, 2025
    $1,050,000
    Location Intelligence
    Property ID
    US38-0866438
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shea's Riverside Restaurant & Bar / Seafood Restaurant / American Restaurant

    Property Details for 122 Main St

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.30 lot acres
    Property size
    4,800 SF
    Zone code
    C00
    Property type
    Turn key restaurants
    APN
    ESSE M:136 L:3
    APU
    ESSEM136L3

    Description

    Exceptional waterfront development opportunity in Essex, MA, encompassing 1.09 acres of adjacent lots currently housing a restaurant and motel/inn. This unique property boasts 17 private dock slips on the Essex River, offering picturesque views of Cranes Beach and Hog Island. The site is conveniently located on town water and sewer, and features ample parking, with the possibility of acquiring additional adjacent parking. The property's prime location along the Essex Causeway provides easy access to local restaurants, shopping, and marinas, as well as major roadways including Routes 133, 22, 1A, and 95. This presents endless possibilities for redevelopment, such as waterfront condominiums. The property is currently occupied, and showings are by appointment only. Prospective buyers are responsible for conducting their own due diligence. Asking price: $5,900,000. Located at 122 & 132 Main St, Essex, MA 01929.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $995,000
      6.5%
      $1,080,000
      7%
      $1,045,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $920,000
      Geo Method
      $890,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,100,000
      Retail
      $845,000
      Mixed-Use
      $1,080,000
      Hospitality
      $900,000
      Educational
      $1,165,000
      Residential Income
      $860,000
      Energy
      $955,000
      Income-Based Land
      $1,160,000
      Food Service
      $1,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.7743
    Latitude
    42.6309
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,118
    $1,257,600
    $402,900
    $1,660,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,520 SF

      234 John Wise Ave

      RESTAURANT • 4,520 SF
      234 John Wise Ave, Essex, MA 01929-1059
      View Details
    • Value Estimation by Request
      5,846 SF

      109 Eastern Ave

      RESTAURANT • 5,846 SF
      109 Eastern Ave, Essex, MA 01929-1331
      View Details
    • Value Estimation by Request
      9,910 SF

      99 Main St

      RESTAURANT • 9,910 SF
      99 Main St, Essex, MA 01929-1305
      View Details
    • Value Estimation
      $245,000
      1,682 SF

      235 Western Ave

      RESTAURANT • 1,682 SF
      235 Western Ave, Essex, MA 01929-1165
      View Details
    • Value Estimation by Request
      6,130 SF

      63 Eastern Ave

      RESTAURANT • 6,130 SF
      63 Eastern Ave, Essex, MA 01929
      View Details
    • Value Estimation by Request
      3,124 SF

      112 Main St

      RESTAURANT • 3,124 SF
      112 Main St, Essex, MA 01929-1304
      View Details

    Similar Nearby for Sale

    • $749,000
      1,114 SF

      Renovated Coffee Shop with Main Street Frontage

      Newly renovated coffee shop/bakery with Main Street frontage and rear patio.
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      13,297 SF

      Brewery and Restaurant on Essex River

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      Essex Mixed-Use Investment Opportunity

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    • Contact for pricing

      Brewery Facility in Essex, MA

      Turnkey brewery facility in pristine condition, ready for new management.
      99 Main St, Essex, MA 01929
      View Details
    • $1,649,000

      Spacious Multi-Family Home in Essex

      Two units on an acre near Essex amenities.
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      Two-family property in central Essex location with investment and conversion potential.
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    Similar Nearby for Lease

    • $15 SF/Yr

      Turnkey Restaurant in Historic Building

      Restaurant in landmark New England property with seating for 165.
      109 Eastern Ave, Essex, MA 01929
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    • $2,800 /Mo
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      Versatile Office Space for Rent

      Office space suitable for medical or general commercial use.
      74 Martin St, Essex, MA 01929
      View Details
    • $3,500 /Mo

      Essex Flex Space with Garage

      2,500 SF flex space with garage entry available for rent.
      60 John Wise Ave, Essex, MA 01929
      View Details
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    122 Main St
    Essex, MA 01929-1304
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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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