Metes and Bounds Rela Estate on Martha's Vineyard
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Commercial
Oak Bluffs
53 Circuit Avenue
$3,350,000.00

LINK ID: 32917
Bedrooms: 5
Baths: 2
Half Baths: 3
Living Space: 5200
Acreage: 0.0600
Water Frontage: None

INQUIRIES

COMMERCIAL BUILDING AND TURNKEY RESTAURANT INVESTMENT OPPORTUNITY. "State of the Art" construction for up to 99 seat occupancy restaurant with 3 spacious apartments in a central location bustling with foot traffic. This vintage landmark underwent a massive renovation from 2012-2014 in which the ground floor was completely removed to enable excavation of a new commercial basement with new electrical, plumbing, and fire/flood/intruder infrastructure. No cost was spared engaging the best architects, lighting and sound designers, interior designers, mixology/bar experts, and commercial furniture/fixture artisans to create this stunning 100% code-compliant restaurant with 2 well full bar, espresso takeout bar, accessible restrooms, and retail space. The second floor was entirely renovated into a 3 bedroom, 2 bedroom, and studio apartment connected to an attractive common area with central AC and heating throughout...ideal for employee/management/owner housing! The new basement, vital to a great restaurant, is spacious, immaculate, bone dry, and pest free with high ceilings, large walk-ins, commercial laundry, secure liquor room, employee lockers, lots of commercial shelving for dry goods etc. and with a portion designed to allow easy conversion into a prep kitchen. This property must be seen to appreciate that it is the BEST commercial restaurant on Island. The real estate is for sale, NOT the business. Sellers will consider OWNER FINANCING and a LEASE with an OPTION TO BUY to a qualified buyer with an acceptable deposit!!! A professional team in place is willing to work with a new buyer.

Outdoor Spaces: Garden,Beach Access - Public,None,
Features: Alarm,Central A/C,Insulation,
Year Built: 1900
Year Renovated: 2014
Second Dwelling: None
Zoning: B1
Water: Town
Sewer: Town
Lead Paint: Unknown
Foundation : Concrete
Heat: GasFHA
Yard Type: Yes
Flooring: Hardwood, tile, poured non slip
Dishwasher: Yes
Stove: Yes
Fridge: Yes
Washer: Yes
Dryer: Yes
TV: Cable

FIRST FLOOR DESCRIPTION
Restaurant, retail, and bar completely gutted in 2012...see document "Building Information"

SECOND FLOOR DESCRIPTION
Consists of a 3 bedroom apartment, 2 bedroom apartment, and a studio apartment....renovated in 2013-14 with one of the half baths ready to finish into a full bathroom

BASEMENT DESCRIPTION
New commercial basement excavated 2013-14...see document "Building Information"

PARKING
No

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Not responsible for misinformation or typographical errors. Prices are subject to change without notice.
Listing Agent: Ocean Park Realty Inc
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