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    OFF-MARKET Estimated value $990,000
    Turn key restaurants

    122 Main St, Essex, MA 01929-1304

    4,800 SF 0.3 ac lot Built 1925
    Individually Owned ~ Est. High Equity
    Property ID
    US38-0866438
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1925
    Construction FRAME
    Total area 4,800 SF
    Lot 0.3 ac (13,051 SF)
    Zoning code C00
    APN ESSE M:136 L:3
    UPID US38-0866438
    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
    Current use
    Occupant on record · Public records
    • Shea's Riverside Restaurant & Bar Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $950k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $948k
    Blend (final) Blend
    $990k
    Owner & transaction history
    Mark Silvestro
    Mark Silvestro
    since 2026
    Last sale
    $1.1M
    7 recorded transactions
    2026
    2025
    $2.0M
    2019
    2014
    2009
    2008
    2008
    Zoning & alternative use
    C00 · Essex, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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