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    17 Old South Rd Nantucket, MA 02554

    For Sale
    $4,250,000

    Versatile commercial building with parking in Nantucket's busy corridor.

    Lot size:
    0.34 Acres

    Property Features for 17 Old South Rd

    General Information

    Lot size
    0.34 Acres

    Building Details

    Year built
    1996

    Source: Fisher Real Estate Agent Michael Angelastro

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

    Overview

    Nantucket Commercial Building with Parking

    This commercial building is located on one of Nantucket's busiest corridors. Currently operating as Fusaros Homemade Italian Restaurant, the property offers 1,558 square feet on the main level, complemented by a full, high-ceiling basement suitable for prep, storage, and refrigeration. A 780-square-foot covered patio extends the usable space, bringing the total to almost 4,000 square feet. Additional expansion is possible. The kitchen is located on the first floor. The property includes an asphalt parking lot with 20 spaces, with additional parking available on nearby Town property. Zoned CN (Commercial Neighborhood), the location allows for a range of uses including residential, retail, wellness, or food service, with further potential by Special Permit. The business, including FF&E, goodwill, name, logo, and recipes, is available separately.
    Location Intelligence

    Current Use by Public Records

    Nantucket Bake Shop Bakery Fusaro's Homemade Italian Italian Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Nantucket
    County
    Nantucket
    State
    Massachusetts
    Longitude
    -70.0859534
    Latitude
    41.2683635

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    FAQs

    What type of property is this?
    Conventional restaurant - Versatile commercial building with parking in Nantucket's busy corridor.
    Where is this conventional restaurant located?
    The property is located at 17 Old South Rd Nantucket, MA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - Prime location on a busy Nantucket corridor.; - Versatile CN (Commercial Neighborhood) zoning allows for a wide range of uses (residential, retail, wellness, food service).; - Significant usable space: **1,558 sq. ft. main level, full basement, and 780 sq. ft. covered patio (almost 4,000 sq. ft. total).**
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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
    17 Old South Rd Nantucket, MA 02554
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