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Town- 5 North Water Street

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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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Additional Details

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.

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.

The basement space was engineered with a coffer dam and heated slab. There are three separate bathroom facilities in the basement with two generous dressing rooms. The rehearsal space is a great mulitipurpose room. There is an access to "backstage" and a utility room with mechanicals and elevator control room.

Brick walkway from North Water street to a generous courtyard. A second brick walkway leads from Whaler's Lane to the side of the theatre buiding off Whaler's Lane. There is a commercial grade elevator from basement to mezzanaine level. *1000 amp electrical service, commercial sprinkler system, security system and extensive theatre stage, lighting and sound equipment.

Property Information

  • 19
  • 5
  • 4
  • 7
  • 0.19 acres
  • 1850
  • CDT
  • Potential
  • Well
  • Town
  • None, Town
  • Engineered foundation with cofferdam
  • wood and concrete


listing property icon Property

  • Alarm
  • Central A/C
  • Insulation
  • Irrigation

listing outdoor icon Outdoors

  • Patio
  • Porch
  • Brick courtyard

listing household icon Household

  • Cable
  • OFHW


Google Map of 5 North Water Street, Nantucket, MA, USA



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Town- 5 North Water Street


  • 5 Beds
  • 4 + 7 half baths
  • 0.19 acres

Listing History

Town- 5 North Water Street

Property Type: Single-Family
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Town- 5 North Water Street

Property Type: Commercial
Town- 5 North Water Street Image