148 Katama Rd - Flex FOR SALE


Edgartown, MA 02539
$4,100,000 USD
774-248-1107
148 Katama Rd, Edgartown, MA for Sale
$4,100,000 USD
Flex - FOR SALE
1/64
null | Request Cap Rate

148 Katama Rd
Edgartown, MA 02539


HIGHLIGHTS

  • Established commercial configuration with office, warehouse/storage and loading access.
  • A 2BR and 3BR currently rented below market, offering meaningful future rental upside.
  • Extensive on-site space for vehicles, trailers, equipment and fleet storage — spaces for 25 vehicles, with room to fit more.
  • Major electrical, roof, solar, HVAC, alarm, building and residential improvements completed since 2017.
  • 2018 solar installation conveys with the property and can help offset operating costs.
  • Commercial and residential components together in a sought-after Edgartown location along the downtown-to-South Beach corridor.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$811 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Distribution, Warehouse, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

3

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.44

LAND SF

19,166

ZONING

R20

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chelsea BrennanLaMacchia RealtyMore Info
774-248-1107

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Chelsea BrennanLaMacchia RealtyMore Info
774-248-1107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.