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17360403
18758832

33 Main St, Nantucket, MA 02554

HaysVentures LLC
Listed by HaysVentures LLC
$10,000,000
91 days on market
Updated 20 days ago

33 Main Street, Nantucket MA - Prime Retail Corner

Details
APN 423-211
Property Type Retail, Office (+2)
Sub Type Storefront, Branding (+1)
Square Footage 4,799
Units 4
Cap Rate 5.2%
NOI $520,000
Occupancy 80%
Tenancy Multi
Lease Type Modified
Lease Expiration 12/30/2028
Remaining Term 2.5
Rent Bumps Yes
Pro-Forma Cap Rate 5.2%
Pro-Forma NOI $520,000
Price per SqFt $2,084
Broker Co-Op Yes
Year Built 1847
Year Renovated 2009, 2015, 2021, 2022, 2025
Buildings 1
Stories 3
Acreage 0.030
Zoning CDT
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner

This strategically located retail property is in the heart of Nantucket, Massachusetts.

Marketing description

We Are Pleased to Present a Rare Opportunity to Acquire 33 Main Street Which is Strategically Situated at the Premier Corner of Main & Federal Streets, Right in the Heart of the Affluent Nantucket, Massachusetts Retail Corridor. the Property is Approximately 4,799 Rsf+/ , Including 1,256 Rsf+/- of Highly Visible Retail on the Ground Floor With 14’ Ceilings, a Sub-grade Retail Unit Totaling 1,256 Rsf+/ , a 628 Rsf+/ Office Unit on the 2 Nd Floor, and a 1,031 Rsf+/ One-bedroom Apartment on the Third Floor. Additional Improvements to the Property Consist of Central Hvac Units, Sprinkler System, and Elevator. the Property is in True Turn-key Condition, Ideal for Any Investor or Owner/operator.

The Ground Floor Retail consist of approximately 1,256 sq. ft. of prime retail space with incredible street presence, 14’ high ceilings and three (3) means of egress located on Main Street, Federal Street and Independence Way. Space can be combined with Lower-Level Retail for additional retail space through internal stairway and elevator. Ideal for high-end Art Gallery, Fashion, Marketing space. Currently this space is Licensed to Hill House Home, a women clothing company. Currently this space is Licensed to Hill House Home, a women clothing company through 12/31/2027.

The Lower-Level Retail consists of approximately 1,256 sq. ft. with a private bathroom and three (3) means of egress including; one (1) direct street access point through Independence Way, one (1) access point via internal stairs off Federal Street and elevator access from Federal Street. Ideal for high-end Art Gallery, Fashion, Marketing space or activity space. This space is Licensed to BeachKrew through 12/31/25.

The Second-floor space consists of approximately 628 sq. ft. of office / storage space with two (2) means of egress. Once (1) direct access point via shared staircase through Independence Way and another via elevator off Federal Street which opens directly into space. The space boast natural light, high ceilings and its own independent HVAC system. Currently this space is also Licensed to Hill House Home.

The property boasts a one (1) bedroom rental apartment with one and one half (1.5) bathrooms, kitchen, living room master bedroom and entry foyer with queen murphy bed. The property comfortable sleeps four (4). The apartment is finished with stainless steal appliances, new countertops and attracts weekly rentals throughout the spring, summer and fall months. The apartment is rented seasonally through brokers, on-line vacation rentals websites and local advertising or is available to retail tenant for long-term rental. Great for employee housing Currently this space is also Licensed to Hill House Home.

Visit http://www.33ACK.com for more information including better pictures, floorpans and a virtual walkthrough on this property.

IMPORTANT NOTE TO POTENTIAL SCAMMERS: We have observed an increase in individuals attempting to engage in scams on this and other digital platforms. We do not tolerate such activities and encourage you to seek more constructive endeavors that do not waste people's valuable time.

Please consider this a friendly reminder: We cooperate with our contacts in law enforcement to identify and report fraudulent activities, and we are committed to providing them with any necessary information regarding such incidents. We strongly advise you to reconsider your choices and seek a more legitimate path, as you may find that the consequences of your actions are not worth the risk.

Thank you for your understanding!

Investment highlights

  • Prime Retail Space: 1,256 RSF+/- on the ground floor with impressive 14’ ceilings for maximum impact and visibility.
  • Additional Retail: A sub-grade unit matching the ground floor's dimensions, ensuring ample room for diverse operations.
  • Office Space: An elegant 628 RSF+/- office unit on the 2nd floor, perfect for administrative or creative use.
  • Residential Delight: A cozy 1,031 RSF+/- one-bedroom apartment on the third floor, offering comfort in a premium location.
  • Top-notch Improvements: Benefit from central HVAC units, a comprehensive sprinkler system, and a convenient elevator.
  • 1031 Exchange Opportunity: Need a 1031 Exchange opportunity? This cash flow positive property might be a perfect fit.

Listing Contacts

HaysVentures LLC
Listed by HaysVentures LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$520,000.00
$43,333.33/mo

Valuation Metrics

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DSCR
5.2%
Cap Rate
5.2%
ROI

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