Waterfront
Address
122-132 Main Street, Essex, MA
Price
$ 6,750,000
Property Attributes
  • MLS#73216927
  • TypeCommercial
  • CountyESSEX
  • CityEssex
  • Zip01929
  • Style
  • Year Built1925
  • Taxes$ 60352
  • Price$ 6,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.09 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description

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.

Price History
3/27/2024 Listed $6,750,000

General Features

Utilities Public Water,Public Sewer,Natural Gas Available
Zoning COO & RS2
Year Built 1925
Tax Year 2024
County Essex
Property Type Commercial Sale
HOA / Comm Assn No
Status Active
Directions Route 22 is Main Street/Across from Woodman's.
City Essex
Disclosures Chap 91 for Hotel/Motel re-filing in 2024. Chap 91 for Restaurant with remaining 13 years.
Senior Community Y/N No
Zoning Description Other (See Remarks)
Lot Size Square Feet 47597
Waterfront Y/N No
Street Name Main Street
Tax Annual Amount 60352
Home Warranty Y/N No
Building Area Units Square Feet
Standard Status Active

Exterior Features

Total Parking 37
Lot Size Area 1.09
Lot Size Acres 1.09
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 01929

Price
AVG $2.25M
$6.75M
Taxes
AVG $60,352
$60,352
Visits
AVG 158
114
Data Provided by Inside Real Estate®
Year Built
AVG 1964
1925

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