53 Circuit AvenueOak Bluffs MAMLS Number 32917

  • Price: $3,350,000
  • 191 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 4.65% last updated on Sep 20, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 5Bedrooms
  • 2Bathroom
  • 5200Square Feet
  • 0.06Acreage

Driving Directions

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.

Listed by Ocean Park Realty Inc

Ask A Question

or send a message:
Do not fill in this field:

More Info

Basic Information

  • List Price$3,350,000
  • MLS Number32917
  • Date Listed2018-03-19T09:14:50
  • Modification Date2018-03-19T09:14:50
  • Year Renovated2014
  • Modified2018-09-08T13:31:56
  • StatusACT

Utilities

  • Heat TypeGas\FHA
  • SewerTown
  • WaterTown

Amenities

  • Dishwasher TypeYes
  • Dryer TypeYes
  • FeaturesAlarm, Central A/C, Insulation
  • Fridge TypeYes
  • FurnishedPartially Furnished
  • Stove TypeYes
  • Tv TypeCable
  • Washer TypeYes

Location

  • AreaOak Bluffs
  • Building Number53
  • StateMA
  • StreetCircuit Avenue
  • TownOak Bluffs
  • Location41.4549606, -70.5587005

Property

  • Acreage0.06
  • Lot Size SqFt2614
  • Outdoor SpacesGarden, Beach Access - Public, None
  • Parking DescriptionNo

Photos

Building

  • Square Feet5200
  • Bathroom2
  • Bedrooms5
  • Foundation TypeConcrete
  • Half Bath3
  • Lead PaintUnknown
  • Year Built1900

Interior

  • Basement DescriptionNew commercial basement excavated 2013-14...see document "Building Information"
  • Floor 1 DescriptionRestaurant, retail, and bar completely gutted in 2012...see document "Building Information"
  • Floor 2 DescriptionConsists 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
  • Flooring TypeHardwood, tile, poured non slip

Other

  • updateTypeNONE
  • View Count89
Sandpiper Realty, Inc.
Sandpiper Realty, Inc.
Office: 508.627.3737
60 Winter Street
P.O. Box 2248
Edgartown, MA 02539

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: