Back to Search
Active
14 Days on market
1 Mariners Way #A Edgartown — Photo 1 of 33

1 Mariners Way #A Edgartown — Photo 1 of 33

$1,399,000

Investment Analysis — 1 Mariners Way #A

Edgartown, MA 02539 — Edgartown

Based on HUD Small Area Fair Market Rent for Dukes County, MA, a home in 02539 carries an estimated $1,760/mo in gross rent — about a 0.29% cap rate and $4,029/yr in estimated NOI at the $1,399,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

--

Baths

0.5

SqFt

1,992

Style

Condominium

Built

2017

A standout commercial offering in Edgartown, combining striking contemporary design with exceptional flexibility. Located just outside the historic district and just shy of 2,000 square feet, this commercial condominium offers a beautifully finished, thoughtfully designed interior that feels anything but ordinary. Soaring ceilings, polished concrete floors, dramatic black architectural details and walls of glass create a sophisticated, light-filled space with a modern industrial aesthetic. The versatile layout features an open reception or showroom area, multiple private rooms, a glass-enclosed conference room, additional work areas, and a half bath, allowing the space to adapt easily to a variety of business needs. A full 1,520± square foot basement provides substantial expansion, storage and utility space. Central heat and air conditioning, fire sprinkler system, town water and sewer, on-site parking and a dedicated loading area add everyday convenience and functionality. Renovated in 2021 with an uncommon level of style and attention to detail, this is a compelling opportunity for an owner-user or investor. The Master Deed allows for a broad range of commercial uses, subject to Edgartown zoning and other applicable regulations and restrictions.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,399,000
Annual Taxes$1,774
HOA Fee$854

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
FlooringConcrete
BasementY

Climate & Utilities

HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
Zoning3401

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Geography

Listing Provided By

Listing Agent: Lesley Heidt

Listing Office: Sandpiper Realty, Inc.

MLS® Number: 73580947