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57 Main Street, Second Floor
Nantucket, MA 02554

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5 North Water Street

Sold
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$12,995,000

Commercial

5 North Water Street

    Sale Date:
    April 11, 2025
    Sale Price:
    $9,485,000
    Last Ask:
    $12,995,000
    About this Property

    Total Rooms
    19
    Bedrooms
    5
    Bathrooms
    7
    Lot Size
    8,070 SF
    Living Area
    9,093 SF
    Year Built
    1850
    Views
    None, Twn
    Zoning
    CDT
    Tax Assessment
    $5,599,800
    Estimated Taxes
    $43,468
    Listed by Lee Real Estate

    Property Description

    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.

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