53 Circuit Avenue
Oak Bluffs, MA 02557
MLS #21801589

Commercial
  • 1,528sq ft
  • 0.31acres
$3,350,000
Est. P&I payment: $12794.73/mo
53 Circuit Avenue, Oak Bluffs, MA 02557
  • 53 Circuit Avenue, Oak Bluffs, MA 02557 Photo 1
  • 53 Circuit Avenue, Oak Bluffs, MA 02557 Photo 2
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Description for 53 Circuit Avenue, Oak Bluffs, MA 02557
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.
MLS #21801589
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My Notes for MLS #21801589

General Features

  • Property Type: D
  • Property Sub-Type: Restaurant
  • List Date: 2018-03-19
  • Betterment: 35,128
  • Year Renovated: 2014
  • Year Built: 1900
  • Acres: 0.31
  • Elevation Certificate: No
  • Zoning: B1
  • Lead Base Paint: Unknown
  • Renovated: Yes
  • Lot Size SqFt: 13,504
  • Lot Depth: 60
  • Warranty Available: Yes
  • Stories: 2
  • # of Cars: 1
  • Max # of Units: 3
  • Total # Res Units: 2
  • Business Includes: None
  • Floors: Hardwood,​Tile
  • Foundation: Poured
  • Parking Description: No Parking
  • Present Use: Restaurant
  • Seasonal: Year Round

Financial Features

  • Total Assessment: 321,200
  • Annual Taxes: 7,589
  • Tax Year: 2018
  • Tax ID: 18-15-0
  • Building Assessments: 307,000
  • Other Assessments: 14,200
  • List Price/SqFt: 2,192.41
  • Flood Ins Required: Unknown

Interior Features

  • Approx SqFt: 1,528
  • Basement: No
  • Asbestos: Unknown
  • Commercial Unit 1: Approx SqFt: 1,536
  • Basement Description: Full
  • Commercial Unit 1: Sidewalk,​Year Round
  • Laundry: Shared
  • Residential Unit 1: 1 Bath,​2 + Bedrooms,​Year Round
  • Residential Unit 2: 1 Bath,​2 Bedrooms,​Year Round
  • Residential Unit 3: Studio,​Year Round
  • Walls: Sheet Rock

Exterior Features

  • Waterfront: No
  • Waterview: No
  • Pool: Yes
  • Dock: No
  • Beach Description: None
  • Beach Ownership: None
  • Exterior Features: Display Window,​Fire Escape,​Rear Entrance
  • Roof Description: Asphalt
  • Siding Description: Clapboard,​Shingle

Community Features

  • Assoc Fee Year: 1
  • Convenient To: In Town Location,​Marina,​Shopping

Utility Features

  • Cooling: Central Air
  • Fuel Type: Propane Gas
  • Gas: No Gas
  • Heating: Forced Hot Air
  • Hot Water: Tank
  • Hot Water Source: Propane Gas
  • Sewer: Public Sewer
  • Utilities: Cable,​Electricity
  • Water: Town Water

Miscellaneous Features

  • Miscellaneous: Dining Area - All

Location

 
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Directions to 53 Circuit Avenue, Oak Bluffs, MA 02557
End of Circuit ave in downtown Oak Bluffs.
The listing information for 53 Circuit Avenue, Oak Bluffs, MA 02557 was graciously provided by our friends at the listing brokerage, Ocean Park Realty, Inc.

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P&I Payment $12794.73
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Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than DREAM Homes & Estates/Keller Williams Realty include the name of the listing broker company. Neither the listing company nor DREAM Homes & Estates/Keller Williams Realty shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2018® Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved.
Last Updated 04/25/2018 at 3:02pm
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