Commercial for Sale: 15 Mechanics St, Tisbury, MA 02575

$729,000
$729,000
15 Mechanics St, Tisbury, MA 02575
$729,000
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Price:
$729,000
$66,000 - 11/08/2024

Type Commercial
Lot Size 0.14 acres
Year Built 1989

City Tisbury
County Dukes

MLS 73302006
Status Active
DOM 44 days
Tri Town Commercial Advisors is pleased to present a single-tenant, net-leased cannabis dispensary in the highly sought-after market of Martha’s Vineyard, located in the bustling State Road commercial district, anchored by Cronig’s grocery store. This flagship location features a thriving dispensary tenant who signed a 10-year lease in 2021, with 2.5% annual rent escalations throughout the primary term and option periods, providing steady income growth.The property boasts a prime location in one of New England’s most iconic coastal destinations, drawing in a diverse customer base of both locals and tourists. It’s also within walking distance from the ferry terminal and is situated outside of the flood plain, further enhancing its desirability.The Town of Tisbury is currently installing a sewer line along this stretch of State Road and is in the process of re-writing its zoning by-laws, creating more options for future redevelopment of this property.

Lot & Building Features

Tax Year 2024
Taxes Paid $5,134

Price History of 15 Mechanics St, Tisbury, MA

Date Name Price Difference
11/08/2024 Price Adjustment $729,000 8.30%
10/14/2024 Listing Price $795,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 15 Mechanics St, Tisbury, MA

Location Map Street View
Photo of Dan Rosa
Direct: 603-234-2383
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Tri Town Associates, Eric Szczepkowski
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15 Mechanics St (MLS #73302006) is a commercial listing located in Tisbury, MA. This commercial listing is on a lot of 6,173 sqft (or 0.14 acres) and is 35 years old. This property was listed on 10/14/2024 and has been priced for sale at $729,000.

Nearby zip codes are 02535, 02539, 02543, 02557 and 02568. This property neighbors other cities such as Chilmark, Edgartown, Falmouth, Oak Bluffs and West Tisbury.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Tri Town Associates

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.