Property Under Contract

5 North Water StreetTown

$12,995,000MLS #: 4110158

  • Bedrooms: 5
  • Rooms: 19
  • Bathrooms: 4 Full, 7 Half
  • Lot: 0.1852 Acres
  • Year Built: 1850
  • Heating: OilFHW
  • Water: Well
  • Sewer: Town

Under Contract as of April 11, 2025

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.

Second Dwelling

The White House dates back to 1850 with a historic facade and elevated first floor. Currently the building is used as accessory staff housing for White Heron Theatre. With 1259 sqft on the first floor and 648 sqft on the second floor the building currently offers five bedrooms and open living space on both the first and second floor. The basement has interior and exterior access to the 1,259 sqft workshop space that houses storage and mechanicals. The structure was picked up in the early 2000s and set back upon a new foundation.

Listed by: Lee Real Estate | Added on: June 10, 2024