38 Kennebec Avenue
$1,500,000
Downtown, Oak Bluffs, MA 02557
1 / 34
Withdrawn
Commercial in Downtown, Oak Bluffs
1 bedroom
·
1 bathroom
·
2614 SqFt
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0.06 acres
·
MLS #41552
A well established and successful restaurant located in the heart of downtown Oak Bluffs known as Jimmy Seas Pan Pasta. Sale includes real estate, 50 seat restaurant business, restaurant equipment, furnishings, and all inventory. The second floor offers one large living area, a bedroom with attached office, storage, and full bath. Current owner was permitted for and built a new second floor exterior water view deck, which provides a second egress and legal living space. Investors can investigate with the town the possibilities for further expansion of the restaurant business or adding a third floor creating fantastic views over Ocean Park to Nantucket Sound. Many recent improvements including a new roof, exterior painting, exterior doors, awning and three mini-splits. Newer restaurant equipment, updated plumbing and furnace and newer kitchen utensils, pots, pans, glassware, and silverware. Great investment opportunity for this turnkey operation. Financials available for qualified buyers.
Property highlights
Furnished
Water Views
Deck
Porch
Public Beach
Garden
Patio
Town View
Town Sewer
None
Property Details
- Association Fee:
- Association Fee Includes:
- Basement:
- Fireplace Features:
- Flooring:
- Foundation Types:
- Frontage Type:
- Heating:
- Interior Features:
- Link MLS Comments:
- Lot Features:
- Parking Features:
- Possible Use:
- Assessed Building Value:
- Assessed Land Value:
- Full basement with plenty of storage and liquor/beer vault. Partial crawlspace under front of restaurant.
- 0
- Hardwood and linoleum
- full brick
- None
- Heat Pump
- MiniSplitFloor 1: 50 seat restaurant, commercial kitchen, bar, prep area and half bath.Floor 2: The second-floor finished space includes three separate rooms, cedar lined closet, storage and full tiled bath. A newer entry door leads to water view roof deck with exterior stairway. Buyers can explore opportunities for the best use of this space.Floor 3: Potential to add a third floor.
- Driving down the back of Circuit Ave. on Kennebec Avenue, pass the parking lot for the Reliable Market on the left and property is on your right opposite the Post Office building. Easy to show.
- no
- 1 motorcycle
- 374600.00
- 519400.00
Price History
November 28, 2023
$1,500,000
Tax Information
This property was most recently assessed in 2023. It has been assessed at a value of $894,000. The annual tax responsibility for this property is $4,658.
Contact an Agent
- Phone number
- (508) 696-7777
Property Location
©2022 LINK, All Rights Reserved. Not responsible for misinformation or typographical errors. Prices are subject to change without notice. Listed by Martha's Vineyard R.E..
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