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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