Oak Bluffs - 53 Circuit Avenue$ 3,350,000

ID: 34445 Owner: Circuit Avenue Properties LLC Off Market

Property Type:
Commercial
Total Rooms:
10
Total Bedrooms:
5
Total Bathrooms:
3 full, 3 half
Water Frontage:
None
Water Views:
None
Second Dwelling:
None
Zoning:
B1
Lot Size:
2,614 sq. feet
Total Sq. Feet (ELA):
5,200 sq. feet
Year Built:
1900 (ren. 2014 )
Water / Sewer:
Town / Town
2019 Assessment:
$ 1,067,900
Land Assessment:
$ 461,300
Build Assessment:
$ 606,600
Estimated Taxes:
$ 8,361

Sparkling newly renovated mixed-use commercial building in a prime and bustling location in Oak Bluffs. Looking to bring your restaurant concept to Martha’s Vineyard? This is the perfect turn-key opportunity for a discerning restaurateur. Having been completely rebuilt from top to bottom with design work by Sullivan + Associates, the building is now intelligently configured for use as a high-end restaurant with cocktail bar, espresso bar, seating for up to 99 people, state of the art commercial kitchen, retail space, full commercial basement, and three gorgeous apartments upstairs. Originally built in 1900 and once used as an A&P grocery store, the current owners completed extensive renovations from 2012-2014, bringing the property to an exceptional level of finish and quality. The building meets all fire codes, handicap accessibility requirements, and health regulations, and was thoughtfully engineered to be weather and sound proof. Since the renovations, the property has been operated for four summer seasons (roughly one full year) and is in mint condition. Truly a vibrant and irreplaceable offering in the absolute perfect location for high-end bar/restaurant on Martha's Vineyard.

First Floor

The main level is 2186 sf with soaring 14’ tin ceilings, original/refinished oak floors and gorgeous silver shiplap panelling providing the restaurant/bar area a loft-style aesthetic. Commercial kitchen, 3 handicap accessible bathrooms, retail space, custom handmade curved zinc bar, and extensive custom decor and seating. Sound system and LED lighting include 6 and 17 adjustable zones respectively providing options for ambiance.

Second Floor

Second floor is 1633 sf and includes 3 apartments. Apt 1 includes 3 bedrooms, 1 bathroom with living room and full kitchen. Apt 2 includes 2 bedrooms, 1 bathroom and full eat-in kitchen. Apt 3 is a studio with full bath that was previously used as an office. High-end finish throughout.

Basement

The air-tight commercial basement includes 1381 sf of crucial space for storage and operation of restaurant above. Possible for areas to be converted to a prep kitchen. Walk-in refrigerator and walk-in freezer, washer and dryer and all utilities - triple filtered water system, on-demand hot water, locked liquor room complete with security cameras, and 700 feet of additional loft storage. Engineering to be pest free and impervious to elements. Delivery door and ramp lead to basement from a covered space for deliveries.

Building Information

Furnished:
Furnished
First Floor Beds:
0
Fireplaces:
Floors:
Heat:
Gas\FHA
Foundation:
Yard:
Backyard includes herb garden and sheltered receiving dock to basement.
Parking:
None but loading zone across street for trucks/deliveries
Other Buildings:
None
Lead Paint:
Unknown

Appliances

Stove:
Y
Refrigerator:
Y
Dishwasher:
Y
Washer:
Y
Dryer:
Y
TV Service Type:
Cable

Outdoor/Recreation

Garden, Porch

Features

Alarm, Central A/C, Insulation

Property / Parcel Information

Map:
11
Lot #:
18
Plan:
Parcel:
Sub Area:
Downtown
Deed Ref:
Book 1066 Page 453
Fees:
Fees Include:
Other Views:
Town

Easements

Directions / Comments

Contact broker to show. Restaurant closed for the season.

© Copyright 2019 - LINK, Inc.