Property for Sale

5 North Water StreetTown

$12,995,000MLS #: 91229

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

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.

First Floor

The theatre building was completed in 2016 with an intimate stage inside a voluminous three story building. The design was conceived as a Maritime Wharehouse with oversized doors that open into the courtyard from inside the theatre. The lobby is a spacious and light filled reception area with windows on Whalers Lane and doors to the courtyard. The side wing has stairs up to the office and down to the full basement. Within the theatre there are nine elevating rows of seating to view the stage. There is a side exit/entry door at the foot of the stage that opens to the side alley with brick walkway. An upper tier door opens to the staircase landing in the cathedral vaulted foyer space. Accessible half bath and elevator.

Second Floor

Accessed by the open staircase in the vaulted foyer, the mezzanine level houses the tech booth for sound and lighting control. There are also two tiers of seating here. In the other wing of the building there is an office accessed by separate stairs.

Other Structures

Brick walkway from North Water street to a generous courtyard. A second brick walkway leads from Whaler’s Lane to the side of the theatre buiding off Whaler’s Lane. There is a commercial grade elevator from basement to mezzanaine level. *1000 amp electrical service, commercial sprinkler system, security system and extensive theatre stage, lighting and sound equipment.

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

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