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Town- 5 North Water Street

$2,500,000
Dec 13 2012
$2,650,000
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A rare opportunity for an in-town commercial space or home with plenty of yard and parking. Set on an oversized, corner lot, this property is now subdividable. As-is, it has room for over ten parking spaces and is located in the core downtown district, within a block of the Town Building and within 4 blocks of Main Street. Built in 1850, the building has been well maintained. It was lifted in 1997 and had an entirely new poured concrete foundation placed under it, has central air conditioning, and wide plank hard wood flooring throughout, and is wired for internet and modern phone systems. Also included is a separate office building which could mean additional potential rental income and/or possible condo opportunity.

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Additional Details

Two entries: the main “front” door off North Water St and the second into a converted porch perfect for reception, just off the garden and parking area; the first floor consists of six separate rooms or offices, including the reception area with 1/2 bath and inside access to the basement.

The second floor consists of two large, sunny and separate rooms or offices, a small kitchen, full bath and rear stairs to the first floor; attic access.

Full, poured concrete Basement; unfinished with separate outside entry.

“The Gallery”: approximately 18 x 20 sf converted garage set up as a separate, rentable office space with pull-down attic, insulation, heat and wired for phone and cable internet.

Property Information

  • 8
  • 0
  • 1
  • 1
  • 0.17 acres
  • 1850
  • LC
  • -
  • Town
  • Town
  • None, Town
  • Poured concrete
  • Wide hard wood

Amenities

listing property icon Property

  • Central A/C
  • Disposal
  • Insulation
  • Irrigation

listing outdoor icon Outdoors

  • Deck
  • Garden
  • None known. Seller is a licensed Massachusetts real estate broker. Listing agent is related to the Seller. Current lease in place until the end of April 2013, with option to renew for 5 years. Current tenant has right of first refusal. Yes
  • 11+ spaces

listing household icon Household

  • Cable
  • OFHW
  • No
  • No

Location

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

NEIGHBORHOOD

Town

Historically preserved and simply beautiful, downtown Nantucket can be equated to nowhere else in the world. This is the heart of the island, replete with original cobblestone streets, waterfront restaurants and charming grey-shingled shops. Many of the stunning homes abut…

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Town- 5 North Water Street

$2,650,000

  • 1 + 1 half baths
  • 0.17 acres

Listing History

Town- 5 North Water Street

Property Type: Commercial
$12,995,000
$9,485,000
Town- 5 North Water Street Image

Town- 5 North Water Street

Property Type: Commercial
$2,650,000
$2,500,000
Town- 5 North Water Street Image

Town- 5 North Water Street

Property Type: Single-Family
$12,995,000
$9,500,000
Town- 5 North Water Street Image