Tisbury MA Commercial for Sale
$729,000
15 Mechanics St Tisbury, MA 02568
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1989
- Baths:
- MLS#:
- 73302006
ADDITIONAL INFORMATION
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.
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Tisbury Real Estate
The median home value in Tisbury, MA is $1,230,000. This is lower than the county median home value of $1,337,700. The national median home value is $338,100. The average price of homes sold in Tisbury, MA is $1,230,000. Approximately 35.28% of Tisbury homes are owned, compared to 22.04% rented, while 42.68% are vacant. Tisbury real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Tisbury real estate agent to arrange a tour today!
Tisbury, Massachusetts has a population of 4,744. Tisbury is less family-centric than the surrounding county with 12.32% of the households containing married families with children. The county average for households married with children is 27.66%.
The median household income in Tisbury, Massachusetts is $55,938. The median household income for the surrounding county is $77,392 compared to the national median of $69,021. The median age of people living in Tisbury is 52.9 years.
Tisbury Weather
The average high temperature in July is 80.1 degrees, with an average low temperature in January of 22.6 degrees. The average rainfall is approximately 47.4 inches per year, with 24.2 inches of snow per year.