$9,485,000

5 North Water Street, Nantucket MA, 02554

Price per sqft$1,043.11

Built in1850

Property size9,093 sqft

Property typeCommercial

Overview

Sold

Listed Aug 8, 2024

Updated Jun 3

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.

Additional information

MLS^® ID: 91560

Interior Features

Bedrooms: 5
Bathrooms: 11
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.19 Acres

Other Property Details

Taxes: $43,468
Tax Frequency: Annually

Courtesy of Lee Real Estate, Carolyn Durand

Based on information from LINK Nantucket as of 6/3/2026. 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.

Data last updated 4:58 PM UTC, 6/3/2026