Marthas Vineyard Investment Opportunity

Oak Bluffs, MA (Dukes County)
Asking Price: $1,875,000
Real Estate Details
Listed on Oct 3, 2023

Priced to sell, vibrant restaurant opportunity and strong investment. This property is perfect for anyone looking to run a business with an opportunity to build a home onsite. An uncommon asset on Martha's Vineyard. A new owner can construct a home for themselves or perhaps two apartments for a mix of personal use and employee housing or rental units. A successful business is included in the price as well as the restaurant equipment. There is an opportunity to enhance the outdoor seating atmosphere and continue with the 74 seat capacity inside. The building is in great condition as much of it was renovated in 2017 which includes new restaurant equipment (stoves, refrigerators, freezers, all necessary kitchen items) as well as a new propane HVAC system. This is a gem of an opportunity in a really great location. Very easy to step right in to a fully functioning and well-equipped business and design your own home for the property. This area is rapidly changing and becoming a highly desirable area in Oak Bluffs a vibrant community in Marthas Vineyard.

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Financials (USD)

Net Operating Income (Annual) Not Disclosed

Asking Price $1,875,000

Cap Rate Available On Request

Additional Details

Street Address 7 Oakland Avenue

Building Area 1710.00 Square Feet

Year Built/Renovated 2017

Percent Occupied 100%

Land Area 6098.00 Acres

Zoning commercial and residential mixed use

Deal Terms

Who is Listing the Property? Real Estate Broker

Broker Co-Op? Available On Request

Seller Financing Available? Available On Request

Seller Willing To Lease? Available On Request

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