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Description

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.

Basic

List Price:
$3,350,000
MLS Number:
32917
Date Listed:
2018-03-19T09:14:50
Year Renovated:
2014
Status:
ACT

Location

Building Number:
53
State:
MA
Street:
Circuit Avenue
Town:
Oak Bluffs
Village:
Downtown
Location:
41.4549606,-70.5587005

Building

Square Feet:
5200
Bedrooms:
5
Foundation Type:
Concrete
Half Bath:
3
Lead Paint:
Unknown
Year Built:
1900

Property

Acreage:
0.06
Lot Size SqFt:
2614
Outdoor Spaces:
Garden, Beach Access - Public, None
Parking Description:
No

Interior

Basement Description:
New commercial basement excavated 2013-14...see document "Building Information"
Floor 1 Description:
Restaurant, retail, and bar completely gutted in 2012...see document "Building Information"
Floor 2 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
Flooring Type:
Hardwood, tile, poured non slip

Utilities

Heat Type:
Gas\FHA
Sewer:
Town
Water:
Town

Amenities

Dishwasher Type:
Yes
Dryer Type:
Yes
Features:
Alarm, Central A/C, Insulation
Fridge Type:
Yes
Furnished:
Partially Furnished
Stove Type:
Yes
Tv Type:
Cable
Washer Type:
Yes

Water Body

Legal

Zoning:
B1

Auction

Photos

Photo Img List:
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Photo Thumb List:
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Listed by Schweikert, Alan of Ocean Park Realty Inc

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