Building Details

Year Built 1920

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

Listed By: Madelyn Silvia · License #9566405

Source: Capecodtoday

Added: Jul 10 Changed: Aug 31 Last Checked: Aug 31 at 12:39PM

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Investment Insights

Based on property information with market context.

This restaurant property on Upper Main Street in Edgartown is currently occupied by Lucky Hank’s and includes a fully equipped commercial kitchen on the first floor. The upper level provides one bedroom with an ensuite full bathroom, presently configured as an office, along with a separate room used for restaurant storage.

Built in 1920, the building is situated within Edgartown’s BII zoning district and includes a large private parking area. The property is also described as having flexibility for conversion back to residential use, offering a second configuration supported by the existing layout.

Key Highlights

• Fully equipped commercial kitchen located on the first floor
• One upstairs bedroom with an ensuite full bathroom, currently used as an office
• Separate upper‑level room used for restaurant storage

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

NNN (Triple Net)

Lease Type

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 - BII-zoned property includes private parking and an upstairs bedroom with ensuite bath.

Where is this conventional restaurant located?

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

What is the lease rate?

The lease rate is $2,495,000.

What are key features of this property?

This property features: Fully equipped commercial kitchen located on the first floor; One upstairs bedroom with an ensuite full bathroom, currently used as an office; Separate upper‑level room used for restaurant storage