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Investment Highlights
- Last car count by Mass DOT - 16,000 plus
Executive Summary
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.
Property Facts
| Price | $785,000 | Property Type | Multifamily |
| Price Per Unit | $392,500 | Building Size | 2,376 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built | 1836 |
| Zoning | Downtown District - Downtown District allows for Many uses .. Mixed Use, Single Family, Two Family, Business and up to 5 Plus Units by special permit. | ||
| Price | $785,000 |
| Price Per Unit | $392,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,376 SF |
| No. Stories | 2 |
| Year Built | 1836 |
| Zoning | Downtown District - Downtown District allows for Many uses .. Mixed Use, Single Family, Two Family, Business and up to 5 Plus Units by special permit. |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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