53 Circuit Ave Oak Bluffs, MA 02557
Oak Bluffs NeighborhoodEstimated payment $31,190/month
About This Home
This exceptional mixed-use property occupies a premier location in the heart of Oak Bluffs thriving Circuit Avenue business district. Meticulously renovated and designed by architect Chuck Sullivan, the building offers a distinctive combination of commercial and residential spaces in one of Martha's Vineyard's most sought-after high-foot-traffic downtown locations. The Union Chapel, across the street, and the Tabernacle, behind the property, host major Island events. Every aspect of the property reflects an outstanding level of craftsmanship and attention to detail. The street level features an expansive commercial space with considerable flexibility for restaurant-bar and/or retail use (for a restauranteur, the kitchen and bar infrastructure are intact and virtually turnkey). The commercial floor includes three handicap-accessible half baths and a convenient and thoughtfully designed rear exterior loading area. The very large newly excavated basement is dry and temperate year-round, providing valuable, clean, safe storage and operational space, an uncommon amenity for downtown Island properties. The second floor includes two beautifully appointed residential apartments, totaling 6 bedrooms and 3 full bathrooms, ideal for creating additional income potential and operational flexibility. The property has a distinctive commercial history, having served in the 1930's as an A&P grocery store (The Great Atlantic & Pacific Tea Company) and, in recent decades, 99-occupancy restaurants and an upscale retail store. Combining outstanding craftsmanship, state-of-the-art building systems, and a highly desirable high-traffic in-town location, this is a premier mixed-use investment offering with broad appeal to investors, business owners, and developers alike.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,233
Year Built
- Built in 1900 | Remodeled in 2014
Lot Details
- 2,614 Sq Ft Lot
- Garden
Interior Spaces
- 5,706 Sq Ft Home
- Partially Furnished
Bedrooms and Bathrooms
- 6 Bedrooms
Additional Features
- Deck
- Cable TV Available
Listing and Financial Details
- Tax Lot 18
- $1,019,500 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,467 | $2,373,100 | $980,300 | $1,392,800 |
| 2024 | $14,467 | $2,281,700 | $900,200 | $1,381,500 |
| 2023 | $0 | $2,193,500 | $874,800 | $1,318,700 |
| 2022 | $14,467 | $1,951,400 | $791,400 | $1,160,000 |
| 2021 | $14,467 | $1,963,000 | $738,900 | $1,224,100 |
| 2020 | $12,166 | $1,635,200 | $703,800 | $931,400 |
| 2019 | $9,806 | $1,275,100 | $644,400 | $630,700 |
| 2018 | $70 | $1,067,900 | $461,300 | $606,600 |
| 2017 | $8,216 | $1,008,100 | $410,400 | $597,700 |
| 2016 | $7,659 | $944,400 | $399,200 | $545,200 |
| 2015 | $7,476 | $939,200 | $399,200 | $540,000 |
| 2014 | $7,090 | $907,800 | $392,700 | $515,100 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2026 08/21/26 | For Sale | $5,500,000 | -- | $964 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,425,000 | -- | |
| Deed | $1,350,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | Commercial | |
| Previous Owner | $7,784 | Commercial | |
| Previous Owner | $12,500 | Commercial | |
| Previous Owner | $1,280,000 | Commercial | |
| Previous Owner | $50,000 | Commercial | |
| Previous Owner | $100,000 | Commercial |
Source: LINK (Vineyard)
MLS Number: 44869
APN: OAKB-000011-000018
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