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148 Katama Rd 5,053 SF Flex Building Edgartown, MA 02539 $4,100,000 ($811.40/SF)
Investment Highlights
- Established commercial configuration with office, warehouse/storage and loading access.
- Extensive on-site space for vehicles, trailers, equipment and fleet storage — spaces for 25 vehicles, with room to fit more.
- 2018 solar installation conveys with the property and can help offset operating costs.
- A 2BR and 3BR currently rented below market, offering meaningful future rental upside.
- Major electrical, roof, solar, HVAC, alarm, building and residential improvements completed since 2017.
- Commercial and residential components together in a sought-after Edgartown location along the downtown-to-South Beach corridor.
Executive Summary
A rare mixed-use property on Katama Road, set right between downtown Edgartown and South Beach! Two residential apartments above — a 2BR and a 3BR, each with their own walk-up deck, in-unit laundry and dedicated parking. Both are occupied month-to-month under self-extending leases, giving a new owner flexibility. The first floor was home to an HVAC company for nearly a decade and is now vacant and ready for its next owner: roughly 1,253 sq. ft. of office with high efficiency heat pump heat & A/C, plus 1,148 sq. ft. of garage and storage. Ample on-site parking with 25 designated spaces and a loading dock for your business needs. Owned solar installed in 2018 conveys with the property, and the current owners have put significant capital improvements into the building since 2017 — electrical, roof, solar, integrated fire & security systems, mechanical systems, and irrigation system. This property has a long history of permitted commercial use well before these owners. The Edgartown Zoning Board of Appeals granted a special permit in 2016 for the operation of a small-scale business in a residential neighborhood, and that permit predates the current owners' purchase. A buyer will need approval from the Zoning Board to continue commercial operations.
Property Facts
| Price | $4,100,000 | No. Stories | 2 |
| Price Per SF | $811.40 | Year Built | 1976 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 4.95/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.44 AC | No. Drive In / Grade-Level Doors | 3 |
| Rentable Building Area | 5,053 SF | ||
| Zoning | R20 - Mixed-Use | ||
| Price | $4,100,000 |
| Price Per SF | $811.40 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.44 AC |
| Rentable Building Area | 5,053 SF |
| No. Stories | 2 |
| Year Built | 1976 |
| Tenancy | Single |
| Parking Ratio | 4.95/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | R20 - Mixed-Use |
Utilities
- Lighting
- Water
- Sewer
- Heating
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | EDGA-000029A-000029-000002 | Improvements Assessment | $2,042,500 |
| Land Assessment | $866,600 | Total Assessment | $2,909,100 |
Property Taxes
Parcel Number
EDGA-000029A-000029-000002
Land Assessment
$866,600
Improvements Assessment
$2,042,500
Total Assessment
$2,909,100
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148 Katama Rd