122 Main St, Essex, MA 01929-1304
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.
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Shea's Riverside Restaurant & Bar Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
C00 · Essex, MAEssex. Always verify with local authorities before improvements.
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.