122-132 Main Street Essex, MA ^$ 6,750,000

122-132 Main Street

^$ 6,750,000

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122-132 Main Street

Essex, MA, 01929

^$ 6,750,000

Studio Baths0.0

Monthly Estimate*

^$ 47,151

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Studio

Commercial Property for sale in Essex, MA

for $6,750,000. This building was built in 1925 on a lot size of 1.09.

Rare Essex Waterfront opportunity consisting of an 8,338 sq ft well known, popular restaurant with full liquor license and total seating for 225. Iconic views of the Essex River and Marsh out to Crane Beach and Hog Island from every window. Includes 2 water front decks. Additional offering includes a turn key 14 room Motel and 6 room Inn with numerous bathrooms and guest room upgrades, some with fireplaces and sitting areas. The Motel and Inn have an excellent seasonal rental history and Off Premises Liquor License. Rounding out this offering are 16 boat slips (across two docks; one with 5 slips; one with 11) also with solid seasonal rental income and wait list. Property offers numerous possibilities for development. Extensive parking on site plus additional leased parking across the street.

Commercial Active

Price

^$ 6,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 60,352

Style

Lot Size

1.09

Year Built

1925

Town/City

Essex

County/Region

Essex

MLS | Web ID

73216927

List By

Alexandra Cutler

Listing Agent

J. Barrett & Company

Broker

Affordability Calculator

$52,180

Per Month

Monthly Principal & Interest: $47,151
Monthly Property Taxes: $5,029
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Essex, MA

Average List Price ^$4,225,000

Percent of Sale Price 37%

About Essex, MA

3,704 Population

13% Since 2002

^$103,838 Median Income

46.82 Median Age

27% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
3/27/2024	$6,750,000		Listed Price

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122-132 Main Street, Essex, MA, 01929 is a Commercial Property for sale at $6,750,000 with a lot size of 1.09. 122-132 Main Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 01929 which is in Essex, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 4/28/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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122-132 Main Street

Commercial Property for sale in Essex, MA

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