5 North Water Street Nantucket, MA 02554

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Asking Price
5 beds
4.7 beds
9,093 beds
Square Footage

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.

Listing Office: Lee Real Estate

Floor Plans

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.

  • Total Rooms 19
  • Total Beds 5
  • Full Baths 4
  • Half Baths 7
  • Lot Size 0.1852 acres
  • Year Built 1850
  • Second Dwelling Yes
  • Zoning CDT


What we like about Town

Often referred to as the heartbeat of the island, Town truly has it all! From historic homes to cobblestone streets and world-class dining and shopping, one can spend days on end wandering through.

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Nautical flags of Nantucket

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A real person will answer the phone Monday-Saturday 9am-5pm, Sunday 10am-2pm