The Edgartown Flagship: Prime Bi-Level Retail & Showroom
Business for Sale | 9,936 SqFt
Marketing description
Rare 10,000 SF Retail Powerhouse in Edgartown’s B-II District
Positioned on the primary commercial artery of Martha’s Vineyard, 242 Vineyard Haven Road offers a generational opportunity to own a high-visibility flagship retail location. This ~10,000 SF bi-level facility is currently home to the historic Granite Variety Store, a local landmark since 1985.
The property features a highly coveted Special Permit and a unique bylaw amendment that allows for full, ADA-compliant retail use of the finished basement—effectively doubling the high-traffic sales floor. With a 2-year-old roof, a commercial utility elevator, and a proven $4.3M revenue history at this site, this is a turn-key asset for a regional operator or a strategic investor.
This property can be purchased individually or as a Strategic Package with a mission-critical 7,928 SF industrial warehouse and an adjacent development lot in the Airport Business Park, providing a complete "last-mile" logistics and retail infrastructure on the island.
Flex-Warehouse info at: https://www.crexi.com/properties?searchBrokerId=f5cd54ef-b3a5-4777-8a2f-c6b9b54ba3c8
Investment highlights
• Unique Bi-Level Retail Utility: 6,120 SF Ground Floor + 3,816 SF Finished Basement retail space—authorized by a specific town bylaw for a single-tenant flagship experience.
• Mission-Critical Infrastructure: Equipped with a commercial-grade utility elevator and high-efficiency layout designed for high-volume (6x turn) inventory turnover.
• Prime B-II Location: High-visibility frontage on Vineyard Haven Road, the primary transit corridor for residents and the island’s millions of annual visitors.
• Turn-Key Asset Quality: Recent capital improvements include a full roof replacement (2024) and updated mechanicals, minimizing near-term CAPEX.
• Unmatched Market Barriers: Martha’s Vineyard’s strict zoning and limited land availability make a retail footprint of this size nearly impossible to replicate.
• Optional Strategic Synergy: Available as a portfolio deal with a nearby 7,928 SF warehouse and vacant 0.5-acre development lot to solve all island storage and distribution needs.
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