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Mid Island - 2 & 4 Chins Way

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Asking Price:	$999,000
Original Price:	$1,795,000	Type:	Commercial
Lot Size (Acres):	0.37	Sq. Ft. (GLA):	4132
Total Rooms:	9	LINK ID:	75446
Beds/Baths:	3/1+	Status:	Off Market
Furnished:	Partially Furnished	Owner:	Madjam INC

Well-established Nantucket commercial opportunity awaits new owner! These two over-sized properties are nestled among other successful businesses in a high traffic area. Consisting of a two-story commercial building/restaurant (Bamboo Supper Club), a two-story, three bedroom employee housing residence, and an unimproved vacant lot (8,066 sf), this property provides it all! Property is being offered partially furnished.

Property / Parcel Info
Map:	55
Parcel:	161 & 162
Zoning:	RC
Plan:	Bk 19 Pg 6
Deed Ref.:	00634 / 334
Lot #:	3A & 2
Water:	Town
Sewer:	Town
Easements:	See Deed. Special Permit Bk 01078 Pg 156. Employee housing restriction. Restaurant equipment, furnishings (excluding artwork and personal effects) and miscellaneous inventory included in sale.
Water Frontage:	None
Water Views:	None
Other Views:	None
Lead Paint:	Unknown
Second Dwelling:	Existing

Taxes and Fees
Assessment Year:	2012
Land Assessment:	$1,122,000
Building Assessment:	$788,200
Total Assessment:	$1,910,200
Estimated Taxes:	$12,231.00

Building Information
Year Built:	1994
Year Renovated:	2005
# of Rooms:	9
Total # of Bedrooms	3
First Floor Bedrooms:	1
# of Full Bathrooms	1
Half Baths	4
Fireplaces:	None
Floors:	Wood/Tile/Carpet
Heat:	Gas\FHW
Yard:
Parking:	25 Spaces per Special Permit
Foundation:
Other Buildings:
Outdoor Spaces/Recreation:	Patio

Appliances & Other Amenities
Stove:	Commercial
Refrigerator:	Commercial
Dishwasher:	Commercial
Washer:	Yes
Dryer:	Yes
TV Service Type:	Cable
Amenities:

Listing Firm
Listing Firm:	Windwalker Real Estate

Descriptions / Comments
Basement:
1st Floor:	The Bamboo Supper Club is a two story building with a night club certificate of occupancy. The first floor contains a spacious dining area (seating for 76), spacious built-in bar, live entertainment area, commercial kitchen and two handicap accessible bathrooms. There is also an exterior patio (seating for 23) with full bar.
2nd Floor:	Featuring hardwood flooring and a built-in bar, this area is currently used as a storage. (Special permit allows for 28 seats on this floor; currently non-ADA compliant)
3rd Floor:	Unfinished third floor currently used as an office (wired IT and POS equipment) and storage area.
Other Structures:	Exterior patio (partially covered) with full bar and seating for 23 persons.
Second Dwelling:	Two-story, three bedroom, one and a half bath residential structure. Currently restricted to employee housing.

Map

Listing has been viewed 554 times.

	Document	File Size	Date Added
	Plot Plan (pdf, jpg)	301,347	8/30/2011
	Plot Plan (pdf, jpg)	430,885	10/2/2012
	Plot Plan (pdf, jpg)	557,696	10/2/2012

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Price Changes
Original Asking: 1,795,000
9/30/2011-$1,695,000- -5.58 % 4/17/2012-$1,595,000- -5.90 % 7/31/2012-$999,000- -33.18 %
Discount From Original: 44.35 %

Listing Updates

New Listing

8/30/2011-New Listing

Off Market

6/30/2012-Off Market

Return To Market

7/12/2012-Return To Market

Off Market

11/19/2012-Off Market

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