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Lanse L. Robb Of Landvest Represents Buyer In Sale Of Waterfront Package Deal In Essex For $4.75M

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SOLD
$4,750,000

Massachusetts

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Package Deal12,350 SF
Sold 04/30/2025
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SOLD

Lanse L. Robb Of Landvest Represents Buyer In Sale Of Waterfront Package Deal In Essex For $4.75M

122 132 Main Street

See Similar Deals
Package Deal12,350 SF
Sold 04/30/2025
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Summary

MASSACHUSETTS
Asset Type:Package Deal
Price Per Square Foot:$384
Total Square Footage:12,350 SF
Transaction Type:Sale

The property involved in the transaction is a waterfront package deal that includes a restaurant, motel, inn, and marina with 17 private dock slips. It is located at 122-132 Main Street in Essex, MA, encompassing a total square footage of 12,350 and achieved a sale price of $4,750,000, translating to a price per square foot of $384.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $4,750,000
  • Address: 122-132 Main Street
  • Market: Essex, MA
  • Square Footage: 12,350
  • Price Per Square Foot: $384
  • Buyer's Representative: Lanse L. Robb - Landvest
  • Seller's Representative: Leah Piantidosi - Coldwell Banker

The deal involved Lanse L. Robb representing the buyer through Landvest and Leah Piantidosi representing the seller through Coldwell Banker. The property provides picturesque views of the Essex River, Cranes Beach, and Hog Island.

Players

Leah Piantidosi
2 deals$5.9M volume
BROKER

Details

SOLD
IMAGE: Lanse L. Robb & Leah Piantidosi DATE: 04/30/2025 ADDRESS: 122-132 Main Street MARKET: Essex, MA ASSET TYPE: Package Deal BUYER'S REP: Lanse L. Robb - Landvest (@LandvestRealEstate) SELLER'S REP: Leah Piantidosi (@Piantidosigroup) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $4,750,000 SF: 12,350 ~ PPSF: $384 NOTE FROM SELLER'S REP: Waterfront package deal including restaurant, motel, inn and marina with 17 private dock slips. Beautiful property with picturesque views of the Essex River looking at Cranes Beach and Hog Island.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$16,875.76
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