Vineyard Village Realty
Feel free to call or text anytime to (413) 250-9090 to discuss any property. Best regards, Michele Casavant
LINK ID: 44869
Oak Bluffs
53 Circuit Avenue
$5,500,000
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Map ItThis exceptional mixed-use property occupies a premier location in the heart of Oak Bluffs thriving Circuit Avenue business district. Meticulously renovated and designed by architect Chuck Sullivan, the building offers a distinctive combination of commercial and residential spaces in one of Martha's Vineyard's most sought-after high-foot-traffic downtown locations. The Union Chapel, across the street, and the Tabernacle, behind the property, host major Island events. Every aspect of the property reflects an outstanding level of craftsmanship and attention to detail. The street level features an expansive commercial space with considerable flexibility for restaurant-bar and/or retail use (for a restauranteur, the kitchen and bar infrastructure are intact and virtually turnkey). The commercial floor includes three handicap-accessible half baths and a convenient and thoughtfully designed rear exterior loading area. The very large newly excavated basement is dry and temperate year-round, providing valuable, clean, safe storage and operational space, an uncommon amenity for downtown Island properties. The second floor includes two beautifully appointed residential apartments, totaling 6 bedrooms and 3 full bathrooms, ideal for creating additional income potential and operational flexibility. The property has a distinctive commercial history, having served in the 1930's as an A&P grocery store (The Great Atlantic & Pacific Tea Company) and, in recent decades, 99-occupancy restaurants and an upscale retail store. Combining outstanding craftsmanship, state-of-the-art building systems, and a highly desirable high-traffic in-town location, this is a premier mixed-use investment offering with broad appeal to investors, business owners, and developers alike.
Property Details
Baths: 3
Half Baths: 3
Rooms: 10
Living Space: 5706 sf
Acreage: 0.06
Water Frontage: None
Outdoor Spaces: Deck, Garden
Features: Alarm, Central A/C, Insulation, Mini-Split Heat/AC
Year Built: 1900
Year Renovated: 2014
Second Dwelling: None
Zoning: B1
Water: Town
Sewer: Town
Lead Paint: Unknown
Heat: Propane
Foundation: Poured
First Floor Beds: 0
Fireplaces: None
Flooring Type: Hardwood/carpet
Yard Type: Lease space from The Campgrounds - with garden + receiving dock
Parking: Street parking, loading zone parking steps from the building's back gate, covered delivery area
Basement: The 1,717-square-foot commercial basement provides an unusually extensive level of storage and operational support for a commercial property. Features include a walk-in refrigerator, walk-in freezer, commercial washer and dryer, three on-demand hot water heaters, and a secure liquor room. Additional basement loft storage further expands the utility of the space. The basement also includes a dedicated delivery door and ramp accessible from a covered ground-level exterior delivery area.
Floor 1: The 2,320-square-foot main level features soaring 14-foot tin ceilings, original refinished oak floors, distinctive silver shiplap paneling, and a custom handmade zinc curved bar accommodating 15 bar stools. Presently, the space houses an upscale retailer and includes three handicap-accessible bathrooms and a state-of-the-art sound and LED lighting system with numerous adjustable zones to change the ambiance based on time of day. An established commercial kitchen infrastructure occupies the rear of the space for future potential restaurant use.
Floor 2: The 1,669-square-foot second floor offers two distinct residential apartments plus an auxiliary bedroom/office with a full bath. One apartment features two bedrooms, a full kitchen, and full bath, while the second offers three bedrooms, a full kitchen, living room, and full bath. This versatile residential component provides meaningful income potential and flexibility for a variety of ownership and operational needs.
Floor 3:
Other Buildings:
Second Dwelling Desc:
Dishwasher:
Washer: Commercial Washer
Dryer: Commercial Dryer
Fridge: 2 - 1 in each of the apartments
Stove: 1 gas stove and 1 electric stove
TV: Cable
Listing agency: Donnelly + Co