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    167R Orange St Nantucket, MA 02554

    For Sale
    $1,495,000

    Commercial zoned lot with water views and mixed-use development potential.

    Lot size:
    0.28 Acres

    Property Features for 167R Orange St

    General Information

    Lot size
    0.28 Acres

    Source: Fisher Real Estate Agent Brian Sullivan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot with Water Views

    This commercial lot is situated across from Land Bank property, specifically the Creeks Preserve and the Ottison family property, offering water views and access to the Monomoy Creeks. The property is zoned CMI, which allows for mixed-use development. Under CMI zoning, mixed-use buildings can have one apartment per 2,000 square feet of land. Alternatively, the CMI zoning permits one apartment per 1,250 square feet for a building with no commercial use. The lot benefits from access to municipal utilities and pedestrian and bike paths. Its location provides convenient access to Town and other commercial centers, including Stop & Shop, Marine Home Center, the Mid-Island Post Office, and local banks. This location offers a variety of potential uses as well as natural amenities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nantucket
    County
    Nantucket
    State
    Massachusetts
    Longitude
    -70.0895448
    Latitude
    41.2718827

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    FAQs

    What type of property is this?
    Land - Commercial zoned lot with water views and mixed-use development potential.
    Where is this land located?
    The property is located at 167R Orange St Nantucket, MA.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Water views and access to Monomoy Creeks.; - Commercial zoning (CMI) allows for mixed-use development.; - Located across from Land Bank property (Creeks Preserve and Ottison family property).
    Request Owner's contact information
    167R Orange St Nantucket, MA 02554
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    167R Orange St Nantucket, MA 02554
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