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    54 Union St Nantucket, MA 02554

    For Sale
    $1,895,000

    Commercial land near Francis Street beach and Main Street.

    Lot size:
    0.11 Acres

    Property Features for 54 Union St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1927

    Source: William Raveis Nantucket Agent Ty Costa

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

    Overview

    Nantucket Town Commercial Land Opportunity

    This property presents a unique opportunity, situated in Nantucket Town, one block from Francis Street beach and less than 1/2 mile from Main Street. The commercial neighborhood zoning allows for construction covering up to 40% of the ground area. The land is located around the corner from announced town plans for the Francis Street/Washington Street extension renovation and 14 Land Bank, Town-owned properties.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Nantucket
    County
    Nantucket
    State
    Massachusetts
    Longitude
    -70.094478
    Latitude
    41.2790039

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    FAQs

    What type of property is this?
    Land - Commercial land near Francis Street beach and Main Street.
    Where is this land located?
    The property is located at 54 Union St Nantucket, MA.
    What is the asking price?
    The asking price for this property is $1,895,000.
    What are key features of this property?
    This property features: - Prime location: Just one block from Francis Street beach and less than 1/2 mile from Main Street in Nantucket Town.; - Commercial zoning: Opportunity to build up to 40% ground cover.; - Development potential: Land is near planned town renovations for Francis Street/Washington Street extension.
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    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
    54 Union St Nantucket, MA 02554
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