5 & 7 West Creek Road$2,250,000Mid Island

Nantucket Real Estate

Price:
$2,250,000
Bedrooms:
7 beds
Bathrooms:
2 and 1 half
Lot:
11,091 sq ft
Year Built:
1950
Heating Yype:
Oil\FHW
Listed:
19 ago
Assessed Value:
$1,612,200
Property Code: #86438

5 & 7 West Creek Road, Nantucket, MA

Exciting Investment Opportunity: Centrally located in the mid-island commercial district, and minutes from the rotary and Stop and Shop. This property, consisting of two separate lots is an incredible investment opportunity, generating two types of income potential. A highly trafficked commercial building sits on one lot, while a duplex, perfect for employee housing or rental units sits on the other. The duplex has one 3BR and one 4BR apartment and a full-height, 928 square foot, dry basement. 11 combined off-street-parking spots make this property an unusual investment opportunity. Use as a small restaurant, take out business, or easily reconfigure this space for retail and office space. The possibilities are endless!

First Floor: The large, open floor plan features a walk-in refrigerator, a commercial ventilation system, ample counter space and several built in sinks. A handicapped accessible half bath services the first floor.

Basement: Access the basement via interior staircase or exterior bulkhead - perfect for a loading zone. The finished basement includes a functional office, additional built-in sinks and allows for abundant storage space.

Second Dwelling: Located on 7 West Creek Road is a Huntington Home duplex built in 2001, consisting of two apartments. The first floor apartment has a living room, dining, kitchen area, three bedrooms and a full bath. The second floor apartment has an identical floor plan as the first floor plus a large finished third floor currently set up as a living area and bedroom. Large, dry, basement with high ceiling, great for storage. Washer and Dryer.

Parking: 11 spaces plus loading zone

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