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    Property profile & analytics

    124 Essex St Haverhill, MA 01832-5612

    • Turn key restaurants
    • 2,525 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $1,295,000
    Last Sale
    Jan 21, 2022
    $1,200,000
    Location Intelligence
    Property ID
    US38-0608526
    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

    • Smith's Tavern / Pub / Bar

    Property Details for 124 Essex St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    2,525 SF
    Zone code
    TY
    Property type
    Turn key restaurants
    APN
    HAVE M:0302 B:00056 L:6
    APU
    HAVEM0302B00056L6

    Description

    This thriving sports bar and tavern, located in the heart of Haverhill's Riverfront Cultural District at 124 Essex Street, presents a unique investment opportunity. Established for many years, this business boasts a prime downtown location with convenient off-street parking accommodating approximately 15 vehicles. The building itself underwent a complete reconstruction in 2011, ensuring modern functionality and aesthetics. The classic open-barroom layout is ideal for maximizing customer interaction and creating a lively atmosphere. The sale includes the established business, complete with a restaurant and liquor license. The property also holds approval for lottery sales, although this feature has never been implemented, presenting a potential avenue for increased revenue. The bar is a popular destination, attracting patrons with its pool tables, dart boards, video games, and live entertainment offered on Friday and Saturday evenings. This turnkey operation offers immediate income potential and the chance to capitalize on a well-established customer base in a vibrant and growing area. The 0.19-acre lot provides ample space for outdoor seating or potential expansion. This is an exceptional opportunity to own a successful and well-regarded business in a desirable location. The asking price is $1,100,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,155,000
      6.5%
      $1,370,000
      7%
      $1,285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,130,000
      Geo Method
      $1,055,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,350,000
      Retail
      $1,350,000
      Mixed-Use
      $1,365,000
      Hospitality
      $1,430,000
      Educational
      $1,215,000
      Residential Income
      $1,250,000
      Energy
      $1,100,000
      Income-Based Land
      $1,060,000
      Food Service
      $1,170,000

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0857
    Latitude
    42.7748
    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
    $6,699
    $167,600
    $178,600
    $346,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      3,141 SF

      30 Riv St

      RESTAURANT • 3,141 SF
      30 Riv St, Haverhill, MA 01832-5402
      View Details
    • Value Estimation
      $300,000
      1,804 SF

      443 Riv St

      RESTAURANT • 1,804 SF
      443 Riv St, Haverhill, MA 01832-5116
      View Details
    • Value Estimation
      $280,000
      1,580 SF

      33-35 Washington St

      RESTAURANT • 1,580 SF
      33-35 Washington St, Haverhill, MA 01832
      View Details
    • Value Estimation by Request
      5,592 SF

      782 Riv St

      RESTAURANT • 5,592 SF
      782 Riv St, Haverhill, MA 01832-3612
      View Details
    • Value Estimation by Request
      2,923 SF

      795 Riv St

      RESTAURANT • 2,923 SF
      795 Riv St, Haverhill, MA 01832-3681
      View Details
    • Value Estimation
      $3,890,000
      5,237 SF

      786 Riv St

      RESTAURANT • 5,237 SF
      786 Riv St, Haverhill, MA 01832-3612
      View Details

    Similar Nearby for Sale

    • $700,000

      Mixed-Use Building in Opportunity Zone

      Mixed-use building with commercial space and residential unit in Haverhill.
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    Similar Nearby for Lease

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    124 Essex St
    Haverhill, MA 01832-5612
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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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