Island Food Realty, which purchased the property for $1.3 million, hopes to find someone to open a new restaurant at the 7 Oakland avenue location.

The owners of Bombay Indian Cuisine in Oak Bluffs made a pitch to the select board Tuesday to elevate their business from regular restaurant to an indoor-outdoor dance, yoga, karaoke and Bollywood-streaming hub.

A new business, re-imagined festival and a proposal for outdoor seating were all weighed by the Oak Bluffs select board Tuesday as businesses begin to shuffle their strategies, adapting to the fall season.