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Property profile

162 Main St Essex, MA 01929

Coffee shops
Property ID
US38-2148696
View Sample
1,114 SF Built 1963
Entity Owned 3-yr Hold

Property summary

AI-generated overview

Exceptional commercial opportunity in the heart of Essex Village. This fully renovated property is currently configured as a bakery and coffee shop, offering a turnkey space with flexibility for a variety of commercial or mixed-use possibilities. The light-filled interior features cathedral ceilings, updated systems, seating for nine, and an efficient open layout designed for both functionality and customer experience. Significant renovations include all new plumbing and electrical, ADA-compliant improvements, mini-split systems, and new windows. A standout feature of the property is the private rear patio with beautiful marsh views — an ideal extension of the interior space. The property also includes three dedicated parking spaces and a highly desirable in-town location close to restaurants, shops, marinas, and recreation. Perfect for a bakery/cafe, coffee shop, retail shop, office, gallery, live/work concept, or possible residential conversion.

Property profile

Verified
Property type Coffee shops
Year built 1963
Total area 1,114 SF
UPID US38-2148696

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2022
$525,000
2021
Price N/A

Comparables

2 recent transactions · within 1.5 mi
Comparable in this city
2 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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