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    218 Upper Main St Marthas Vineyard, MA 02539

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    For Sale
    $2,750,000

    Restaurant with commercial kitchen and private parking in Edgartown.

    Lot size:
    0.20 Acres

    Property Features for 218 Upper Main St

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1920

    Source: Wallace & Co. Sotheby's Agent Madelyn Silvia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant on Upper Main

    Located on Upper Main Street in Edgartown's BII zoning district, this property is currently home to Lucky Hanks restaurant. It is set on a desirable lot with a large private parking area, in a high-visibility location. The building offers a turnkey restaurant space and thriving business complete with a fully equipped commercial kitchen on the first floor. Upstairs, there is one bedroom with an ensuite full bathroom, currently used as the office, and an additional room used for restaurant storage. The property has the flexibility to convert back to residential use, if desired.
    Location Intelligence

    Current Use by Public Records

    Lucky Hank's American Restaurant

    Suggested Use

    Auto Repair Shop Dental Office Wholesale Shop Building Supply Pharmacy Electronics Store Convenience Store Computer & Electronic Repair Accounting Firm HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marthas Vineyard
    County
    State
    Massachusetts
    Longitude
    -70.5241227
    Latitude
    41.3922611

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    FAQs

    What type of property is this?
    Turn key restaurant - Restaurant with commercial kitchen and private parking in Edgartown.
    Where is this turn key restaurant located?
    The property is located at 218 Upper Main St Marthas Vineyard, MA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Prime location on Upper Main Street in Edgartown's BII zoning district.; - Turnkey restaurant space with a **fully equipped commercial kitchen.**; - Thriving restaurant business included.
    Request Owner's contact information
    218 Upper Main St Marthas Vineyard, MA 02539
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 Upper Main St Marthas Vineyard, MA 02539
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