7 Main St. St - Apartments FOR SALE


Essex, MA 01929
$785,000 USD
978-375-6246
7 Main St. St, Essex, MA for Sale
$785,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

7 Main St. St
Essex, MA 01929


HIGHLIGHTS

  • Last car count by Mass DOT - 16,000 plus

OVERVIEW

Offered for sale is a well-cared for architecturally pleasing "Mixed Use Property" formerly used as Retail / Office on the 1st floor with 2nd floor Residential use. Property offers ideal 1st floor retail or office use for many businesses including architect, engineering firm, survey services, attorney, hair salon and many other professional uses all while enjoying an income stream from the 2nd floor unit. 1st floor unit includes a restroom / 1/2 bath, oversized kitchen and two generous office spaces and one small office / work space. The 2nd floor residential unit includes 1 to 2 bedrooms, office space living room, kitchen, full bath and a washer / dryer area. The architectural shingle roof is approximately 4 years old and the gas boiler and associated components were new in December of 2023. With recent by-law changes, the property also presents development opportunity for 5 plus units, with sewer capacity available, for a multiple unit condominium project. Essex Downtown District bylaws are attached.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

2

PRICE/UNIT

$392,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1836

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,385 SF

ZONING

RS2

APN/PARCEL ID

ESSE-000128-000000-000068

ASK ABOUT THIS PROPERTY

Kevin StreetKeller Williams RealtyMore Info
978-375-6246

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Kevin StreetKeller Williams RealtyMore Info
978-375-6246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.