53 Main Street$5,250,000Town

Nantucket Real Estate

Price:
$5,250,000
Bathrooms:
1 and 2 half
Lot:
1,742 sq ft
Year Built:
1847
Heating Type:
Oil\FHW
Listed:
249 ago
Assessed Value:
$3,531,000
Property Code: #86539

53 Main Street, Nantucket, MA

Iconic Main Street commercial property with newly drawn concept plans showing the 2nd and 3rd floors converted from office space to residential. There are 2 residential apartments proposed, see plans attached in "documents". There is a one bedroom apartments designed for the front of the building overlooking Main St. There is a large multi level, 2 bedroom apartment designed for the 2nd and 3rd floors in the rear. This rear apartment would also have direct and exclusive access to the roof walk with harbor views. If condo-ed these units could be sold off individually. This prestigious commercial building, built after the great fire of 1846 has been well maintained and had a total renovation in 1986. The conversion of the upper floors to residential condos is in response to strong demand for in-town apartments. This property could be occupied by a new owner who wants the income from the multiple units, whether they need the 1st floor commercial space with full finished basement or a deluxe apartment in the center of town. Current leases in place, info upon request from qualified buyers.

First Floor: The first floor is currently leased as office space, but could be a be a fabulous retail space. It has 1653 SF of open floor plan office space with an additional large luxury private office in the rear overlooking Independence Lane. This current tenant also leases the 1653 SF basement level as part of their lease. Lease details upon request.

Second Floor: Currently this area consists of a "great room style" office/multi use space of approximately 800 SF on the front of the building. There is a small office, formerly an apartment in the rear, with a full bath and private stairs to Independence Lane. There is a shared half bath on the stair landing. See concept plans for conversion to residential. This level has lots to offer as is, however look at the potential apartments.....concept plans are in Documents.

Third Floor: This is an office, currently leased to the Theatre Workshop with access to the roof walk. Lease details upon request. See concept plans for conversion to a large 2 bedroom multi level apartment, flooded with natural light.

Basement: Finished basement includes private office with natural light, conference room, half bath, storage rooms and utility rooms.

Parking: No

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