Building Details

Year Built 1920

Buildings 1

Listing Agency: Wallace & Co. Sotheby's International Realty m***@wallacemv.com Show Phone

Listed By: Madelyn Silvia · License #9566405

Source: Leightonteam

Added: Aug 25 Changed: Aug 28 Last Checked: Aug 29 at 12:34PM

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Investment Insights

Based on property information with market context.

This 1,236-square-foot restaurant property at 218 Upper Main Street currently accommodates Lucky Hank's restaurant. The first floor contains a fully equipped commercial kitchen, while the upper level includes one bedroom with an ensuite full bathroom that is being used as an office, plus a separate storage room. Central air is also included, and the building dates to 1920.

The property is situated in Edgartown's BII zoning district and includes a large private parking area. Its current restaurant configuration may be converted back to residential use if desired.

Key Highlights

• Fully equipped commercial kitchen located on the first floor
• 1,236 SF building constructed in 1920
• BII zoning district in Edgartown

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Auto Repair Shop Storage Facility HVAC Service Building Supply Big Box & Wholesale 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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

Well-served

Demand for This Use

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Upper-level rooms provide an office, ensuite bathroom, and separate restaurant storage area.

Where is this conventional restaurant located?

The property is located at 218 Upper Main St Edgartown, MA.

What is the asking price?

The asking price for this property is $2,495,000.

What are key features of this property?

This property features: Fully equipped commercial kitchen located on the first floor; 1,236 SF building constructed in 1920; BII zoning district in Edgartown