aisellshomes.space

$4,100,000

New

148 Katama Rd

Edgartown, MA, 02539

Commercial · MLS #73575543

Days on market

3 days

Lot size

0.44 ac

0.44 acres

Lot

About this home

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.

Location

148 Katama Rd, Edgartown, MA, 02539

Property details

Parking
Assigned, Attached, Assigned, Deeded, 21+ Spaces, Improved Driveway, Stone/Gravel, Paved Driveway

Listed by We Close Deals Team · Lamacchia Realty, Inc.

Schedule a showing

148 Katama Rd

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$27,104 / month

Down payment20% · $820,000
Interest rate6.76%

Loan term

Principal & interest
$21,296
Property tax
$4,100
Home insurance
$1,708

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).

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