Active

5 North Water Street

Nantucket MA, 02554

$12,995,000


$1,429.12 per sqft

Active

5 Beds

11 Baths

9,093 sqft

Residential

Built in 1850

An amazing canvas for creative visionaries to bring something new to Downtown. With two buildings on an oversized corner lot, there is significant infrastructure in place to accelerate the next project. A unique opportunity to re-develop a prime piece of Nantucket commercial real estate. Approximately 7186 sqft of finished interior space in the existing theater building and 1,907 sqft of finished interior space in the antique house. There are a multitude of complementing mixed use options to consider here. Some allowable uses in CDT: residential, retail, restaurant/bar/tavern, hotel, personal services, spa, offices, gallery, bakery & market. Condominium eligible.

91229

MLS ID

June 10, 2024

Listed

October 1, 2024

Updated

Map

5 North Water Street
Nantucket MA, 02554

Interior Features

Bedrooms

5


Total Bathrooms

11


Full Bathrooms

4


Half Bathrooms

7


Interior Features

A, AC, Ins, Irr, Floor 1: The theatre building was completed in 2016 with an intimate stage inside a voluminous three story building The design was conceived as a Maritime Wharehouse with oversized doors that open into the courtyard from inside the theatre The lobby is a spacious and light filled reception area with windows on Whalers Lane and doors to the courtyard The side wing has stairs up to the office and down to the full basement Within the theatre there are nine elevating rows of seating to view the stage There is a side exit/entry door at the foot of the stage that opens to the side alley with brick walkway An upper tier door opens to the staircase landing in the cathedral vaulted foyer space Accessible half bath and elevator, Floor 2: Accessed by the open staircase in the vaulted foyer, the mezzanine level houses the tech booth for sound and lighting control There are also two tiers of seating here In the other wing of the building there is an office accessed by separate stairs


Floor Description

wood and concrete


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

OFHW

Exterior/Building Features

Lot Size

0.19 Acres


Exterior Features

Patio, Porch


Lot Features

Brick courtyard


Sewer

Twn

Other Property Details

Area Name

Town


Taxes

$43,468


Tax Frequency

Annually


Days on Market

92


Garage

No


View

No


View Description

None, Twn


Water Source

Well


Pool

No


Zoning

CDT

Courtesy of Lee Real Estate, Carolyn Durand

Based on information from LINK Nantucket as of 10/1/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

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