$6,000,000
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $40,727
- Utilities
- $1,138
- Transportation
- $106
- Other (entertainment)
- $158
Quick facts
Neighborhood — 01929
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 4,698 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | 8.00% | 7.00% | 20.00% |
| Population Density | 331 | 786 | — |
| Male | 2,334 | 3,127,134 | 147,432,321 |
| Female | 2,363 | 3,317,797 | 151,655,844 |
| Never Married | 735 | 1,612,885 | 63,775,926 |
| Married | 2,342 | 2,586,314 | 123,120,365 |
| Separated | 88 | 247,857 | 12,639,686 |
| Widowed | 288 | 363,594 | 15,467,586 |
| Divorced | 267 | 436,888 | 23,075,029 |
| Number Of House Hold | 1,764 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.66 | 2.56 | 2.60 |
| Medial Age | 40.59 | 37.25 | 35.46 |
| Median House Hold Income | $78,108 | $57,698 | $48,276 |
| Average House Hold Income | $94,842 | $75,023 | $63,629 |
| P C I | $35,611 | $29,196 | $24,529 |
| M D I | $62,724 | $48,105 | $41,133 |
| A T H E | $68,179 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 76.43% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →
Listing information last refreshed 3/27/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.