10 Gay Street$3,595,000Town

Nantucket Real Estate

8 beds
9 and 1 half
4,356 sq ft
Year Built:
Heating Yype:
119 ago
Assessed Value:
Property Code: #86443

10 Gay Street, Nantucket, MA

The Sherburne Inn consistently ranks in the Trip Advisor top 3 of over 38 B&Bs on Nantucket. This meticulously cared for Inn offers 8 guestrooms with en suite baths and multiple inside and outside common seating areas. Central AC and heating allow for year-round occupancy. The in-town location is ideal, with access to all but in a quiet residential setting. The bottom level of the building offers a spacious innkeeper's apartment with a full bath and large kitchen, plus room for additional housekeeping staff or an office. The current owner has invested heavily in maintaining and upgrading the building, yard, and equipment. This turnkey business generates positive cash flow due to the extremely high repeat visitation rate combined with growth in the average daily rate.
Garage with two off-street parking spots.

First Floor: Enter into a foyer with grand staircase to second floor. Small reception area leads to a comfortable parlor with gas fireplace and large storage closet. Spacious bedroom with two twins and shower bath, large queen bedroom with fireplace and shower bath, petite queen bedroom with shower bath and deluxe king bedroom with full bath. Sundeck with stairs to landscaped yard and outdoor sitting area. Linen closet and ice machine/refrigerator for guest use.

Second Floor: Sweeping staircase leads to a parlor with fireplace and large storage closet as well as a small library area with built in bookshelves. Newly renovated king bedroom with shower bath, queen bedroom with shower bath, petite queen bedroom with shower bath and deluxe king bedroom with full bath and small private deck.

Third Floor: Full attic with storage space.

Basement: Separate entry to the manager's residence which includes a bedroom, living room/office and half bath. The large kitchen has a fireplace. Spacious laundry room, multiple storage areas and another bedroom/office and full bath complete this level which is mostly above grade.

Parking: 2-3 Car

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