5 North Line Rd Edgartown, MA 02539
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.