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Property profile & analytics
FOR SALE
Auto shops

5 North Line Rd Edgartown, MA 02539

3,600 SF 1.19 ac lot Built 1997
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US38-1132882
Property summary
AI-generated overview

This exceptional turnkey automotive repair business, established in 1987, presents a rare opportunity on Martha's Vineyard. Located in the MVY Airport Business Park, this centrally located shop enjoys high visibility and serves both residents and tourists. The property includes a 3,600 square foot steel-frame warehouse, featuring a spacious 2,800 square foot grade-level shop floor with multiple oversized overhead doors, perfect for efficient vehicle servicing. An additional 800 square feet is dedicated to office space, a reception area, and a comfortable customer waiting area. Upstairs, you'll find two private offices and ample storage. The building sits on a 1.19-acre ground-leased parcel, zoned Business III (BIII), offering convenient access to Edgartown and Vineyard Haven, including the island's main ferry terminal. The sale includes the business assets, goodwill, and real estate for $1,200,000. Detailed financial information, a comprehensive equipment list, and the ground lease agreement are available upon request for qualified buyers who sign a non-disclosure agreement. This is a unique chance to acquire a well-established, profitable business with significant potential for growth in a highly desirable location.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1997
Construction STEEL FRAME
Total area 3,600 SF
Lot 1.19 ac (51,836 SF)
APN EDGA M:0024 B:0002 L:20
UPID US38-1132882
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
Owner & transaction history
Cars Unlimited INC · 20 yrs held
Cars Unlimited INC
since 2006
2 recorded transactions
2006
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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