259 Essex St, Saugus, MA 01906-4176
This exceptional 3,200 square foot restaurant building in Saugus, Massachusetts presents a rare opportunity. Located at 259 Essex Street, this single-tenancy property boasts a highly visible pad site with direct sightlines from Route 1, ensuring maximum exposure to the substantial daily traffic volume exceeding 120,000 vehicles. Its strategic location offers convenient access from both the northbound and southbound lanes of Route 1, maximizing accessibility for customers. The property is a second-generation restaurant space, presenting the potential for a drive-thru addition, further enhancing its operational capabilities. This location benefits from its proximity to the Square One Mall, a significant retail center anchored by major brands such as Dick's Sporting Goods, Best Buy, Macy's, and T.J. Maxx, drawing a large customer base. The property sits within a super regional trade area encompassing over 470,000 people, boasting an average household income of $114,350 within a five-mile radius, indicating strong consumer spending power. A proposed new pylon sign will further increase visibility and brand recognition. Situated in Essex County, this property offers a compelling investment opportunity in a high-traffic, densely populated area with strong retail synergy. The property's address is 259 Essex Street, Saugus, MA 01906.
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
NA · Saugus, MASaugus. 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.