MLS #45067
Vineyard Haven Real Estate

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Two structures. Exceptional visibility. Flexible possibilities. Your next investment awaits! Move in ready opportunity in a limited inventory commercial market ideal for investors or owner operators seeking visibility, versatility, and long term income potential on Martha’s Vineyard. Main Building: Extensively renovated and expanded, the main building offers a clean bright open concept showroom, a flexible commercial space. The second floor features an open loft/office area, two private rooms with additional storage. Improvements include a professionally engineered addition, new mini split heating and cooling, a commercial grade dehumidifier in the large dry basement, and a supplemental oil heating system. Existing plumbing offers the potential to restore a second bathroom. Beautifully landscaped grounds feature flowering gardens, a rock retaining wall, and a slate patio. The large level lot provides significant parking and potential for future expansion, subject to zoning and permitting. Public transportation access may offer additional flexibility for property use that can support multiple businesses. Seller will be utilizing section 1031 exchange.
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Price:  $2,695,000
322 State Road
Vineyard Haven, 02568
Type: Commercial
Baths: 1.0
Lot Size: 0.29 acres
Square Footage: 2888 sqft.
Area
Vineyard Haven
Subdivision
South
Zoning
B2
Water
Town
Sewer
Cesspool
Year Built
1930
Year Renovated
2017
Second Dwelling
Existing
Furnished
Un-Furnished
Rooms
7
Half Baths
9
Fireplaces
0
Flooring
2
Heating
Heat Pump
Yard
Yes
Foundation
Poured adding additional 1,282SF.
Outdoor Spaces
Beach Access - Public
Parking
Yes
TV
Cable
Listing Agent
O'Loughlin, Janna
Listing Office
Portfolio Properties