Island Food Products last week purchased the building that once housed Bombay Indian Cuisine in Oak Bluffs for $1.3 million.

The company hopes to find someone to open a new restaurant at the 7 Oakland avenue location. The purchase included the restaurant equipment from Bombay, which has closed.

“We’re not restaurateurs, we’re real estate investors.” said John Roberts, one of the partners of Island Food Products. “We hope to find a local person, preferably, who wants to give the place a facelift…We’re looking for a restaurateur to put the sparkle back in the place.”

Island Food Products, which started as a wholesale food distributor, now owns the buildings of several restaurants on the Island. 

Its first foray into retail was in 2021, when the company purchased Tony’s Market, a grocery store and deli in Oak Bluffs. 

The company also owns Edgartown properties that host 19 Raw Oyster Bar and 19 Prime Steak House, Rockfish, and the planned Seagrass Bar and Grille in the former Sharky’s Cantina building.

Bombay’s closure marks the end of the Island’s only Indian food restaurant. Austin Grande opened the restaurant in 2022. 

The restaurant last summer tried to expand its entertainment offerings, but it was denied by the select board due to its location in a residential neighborhood. Mr. Grande did not respond to a request for comment on his plans late last month. 

Before Bombay, the building was home to a barbecue restaurant called Sea Smoke, and before that, another barbecue restaurant called Smoke ‘n Bones. 

The real estate listing for the Oakland avenue property said the restaurant has a 74-seat capacity, and the .14 acre of land could also host a home or two apartments. 

The property’s proximity to Tony’s, which is across the street, was a real plus for Island Food Products.

“My partner, Adam Bresnick and I, went to visit the property,” Mr. Roberts said. “We didn’t really want to miss out on the opportunity to own something so close to Tony’s.”