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PRIME INVESTMENT PROPERTY - 33 Main Street 33 Main St 4,799 SF 74% Leased Retail Building Nantucket, MA 02554 $10,000,000 ($2,083.77/SF) 5.20% Cap Rate

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Investment Highlights

This prime retail space is located on the premier corner in the middle of the highest-trafficked shopping corridor within the island of Nantucket.
Neighboring tenants include Vineyard Vines, Ralph Lauren, J.McLaughlin, amongst many other restaurants and local shops.
The Islands Downtown Historic District is a perfect attraction for locals and tourists, with an array of walkable shops and amenities.

Rare opportunity to secure a highly visible & trafficked premier retail location.
The property is in true turn-key condition, ideal for any investor or owner/operator or 1031 requirement.
Strong Cash Flow.

Executive Summary

Prime Investment Opportunity & Premium Brand Location in Nantucket, MA. Where history meets opportunity. Nestled at the convergence of Main Street and Federal Street, this iconic corner property is the epitome of Nantucket's bustling core. Covering 4,799 sq. ft. spread elegantly across three floors, this commercial masterpiece boasts the perfect balance of elite retail spaces and sumptuous residential accommodation. The ground floor reveals 1,256 RSF of unparalleled ground floor retail space, heightened by a majestic 14-foot ceiling currently occupied by Hill House Homes. An additional 1,256 RSF of prime lower level retail space is currently occupied by The Diamond Door. The uppermost layer is a tastefully designed residential suite, harmonizing commercial appeal with cozy living. The apartment is currently utilized by Hill House Home as employee housing. While the property is currently leased through 2027, buyers have the opportunity to terminate the license agreements with the existing Tenants. Esteemed tenants, Hill House Home and The Diamond Door, contribute 70% and 30% occupancy, further elevating the property's stature. Bask in the neighborhood of iconic brands: Vineyard Vines, Ralph Lauren, J.McLaughlin, accompanied by a selection of popular dining venues and boutique shops. Situated just three blocks from the lively harbor and wharf, it anchors Nantucket's main commercial avenue. Why Choose Nantucket? Nantucket, a shining star of the Northeast, earned the title of National Geographic's Best Island in the World in 2012. Its retail spirit rivals esteemed resort locales like Palm Springs, Aspen, Naples, and Newport. Ease of Maintenance: Flawless and ready-to-go. This property offers effortless management, making it an ideal asset for both investors and direct operators. Discover More: Embark on this unparalleled journey at www.33ACK.com and imagine your bright future in Nantucket.