Building Details

Year Built 1976

Year Renovated 2017

Units 3

Listing Agency: Lamacchia Realty, Inc.

Listed By: Chelsea S Brennan Show Phone

Source: Capecodtoday

Added: Sep 12 Changed: Sep 14 Last Checked: Sep 29 at 6:21AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lamacchia Realty, Inc.

Investment Insights

Based on property information with market context.

Built in 1976, this mixed-use property combines residential income space with a vacant commercial component. The second floor contains two apartments, configured as 2BR and 3BR units, each with a walk-up deck, in-unit laundry, and dedicated parking. Both apartments are occupied under month-to-month, self-extending leases. The first floor provides approximately 1,253 square feet of office space and 1,148 square feet of garage and storage area, along with a loading dock and 25 designated parking spaces. The office includes high-efficiency heat-pump heating and air conditioning.

Capital improvements completed since 2017 include solar, electrical, roofing, windows, integrated fire and security systems, mechanical and irrigation systems, and apartment renovations. The property has a history of permitted commercial use, and a 2016 special permit authorized a small-scale business in a residential neighborhood. Continued commercial use requires approval from the Town of Edgartown. Measurements, systems, permitted use, and square footage should be verified.

Key Highlights

• Two apartments: one 2BR and one 3BR, both occupied month‑to‑month under self‑extending leases
• 1,253 square feet of first‑floor office space with high‑efficiency heat pump and A/C
• 1,148 square feet of garage and storage space plus a loading dock

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Locksmith Auto Repair Shop Storage Facility Grocery & Convenience Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Sprinkler system

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

358

Businesses Nearby

Explore this area Business Placement

Demographics for 02539, MA

5,168

Population

5,157

Households

1

Avg Household Size

48

Median Age

45%

College-Educated

95%

High-School Grad

26.8 sq mi

ZIP Area

193

Density / Sq Mi

$89,710

Median Household Income

$48,237

Median Earnings

$1,717

Median Rent

$1,171,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two occupied apartments accompany vacant office, garage, and storage space with on-site parking.

Where is this mixed-use property located?

The property is located at 148 Katama Road Edgartown Edgartown, MA.

What is the lease rate?

The lease rate is $4,100,000.

What are key features of this property?

This property features: Two apartments: one 2BR and one 3BR, both occupied month‑to‑month under self‑extending leases; 1,253 square feet of first‑floor office space with high‑efficiency heat pump and A/C; 1,148 square feet of garage and storage space plus a loading dock