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    Property profile & analytics
    OFF-MARKET Estimated value $1,850,000
    Turn key restaurants

    259 Essex St, Saugus, MA 01906-4176

    3,200 SF 0.47 ac lot Built 1991
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US38-0806485
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1991
    Total area 3,200 SF
    Lot 0.47 ac (20,408 SF)
    Zoning code NA
    APN SAUG M:007-D B:0005 L:0005
    UPID US38-0806485
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.14M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.22M
    Blend (final) Blend
    $1.85M
    Owner & transaction history
    259 Essex Street LLC · 4 yrs held
    259 Essex Street LLC
    since 2021
    Last sale
    $1.8M
    4 recorded transactions
    2021
    $1.8M
    2020
    $1.3M
    2009
    $1
    1991
    Zoning & alternative use
    NA · Saugus, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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