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$4,100,000
Est. payment /mo
4,802 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,802 sqft
Price per Sqft $853
MLS Listing ID 73575543
HOA Y/N false
Year Built 1976
Annual Tax Amount $7,430
Tax Year 2026
Lot Size 0.440 Acres
Acres 0.44
Property Description
A rare mixed-use property on Katama Road, set right between downtown Edgartown and South Beach! Two residential apartments above — a 2BR and a 3BR, each with their own walk-up deck, in-unit laundry and dedicated parking. Both are occupied month-to-month under self-extending leases, giving a new owner flexibility. The first floor was home to an HVAC company for nearly a decade and is now vacant and ready for its next owner: roughly 1,253 sq. ft. of office with high efficiency heat pump heat & A/C, plus 1,148 sq. ft. of garage and storage. Ample on-site parking with 25 designated spaces and a loading dock for your business needs. Owned solar installed in 2018 conveys with the property, and the current owners have put significant capital improvements into the building since 2017 — electrical, roof, windows, integrated fire & security systems, mechanical systems, and irrigation system. This property has a long history of permitted commercial use well before these owners. The Edgartown Zoning Board of Appeals granted a special permit in 2016 for the operation of a small-scale business in a residential neighborhood, and that permit predates the current owners' purchase. A buyer will need approval from the Zoning Board to continue commercial operations.
Location
State MA
County Dukes
Area Katama
Zoning R20
Direction From Edgartown Center, Pease's Point Way South to Katama Road; property on the right.
Exterior
Utilities Available Public Water, Private Sewer
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
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Listed by Lamacchia Realty, Inc.
Nearby School & Business
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