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    6 Union St Nantucket, MA 02554

    For Sale
    $9,995,000

    Iconic downtown property with mixed-use options and development potential.

    Lot size:
    0.18 Acres

    Property Features for 6 Union St

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1850

    Source: Osprey Real Estate Agent Francie Bovers

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

    Overview

    Historic Mixed-Use Nantucket Property

    This historic property, formerly the Ayers Guest House and later home to Force 5 Watersports and The Hydrangea Inn, presents a rare opportunity for redevelopment. Located one block from Main Street, the property consists of two attached buildings with 8,592 square feet of gross leasable area. The property offers a myriad of mixed-use options. It has potential for 75% ground coverage, with 3,344 square feet currently on the ground and 2,236 square feet remaining.
    Insight Report Location Intelligence

    Current Use by Public Records

    Force Five Water ... Surf Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Nantucket
    County
    Nantucket
    State
    Massachusetts
    Longitude
    -70.0975846
    Latitude
    41.2829017

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    FAQs

    What type of property is this?
    Hotel - Iconic downtown property with mixed-use options and development potential.
    Where is this hotel located?
    The property is located at 6 Union St Nantucket, MA.
    What is the asking price?
    The asking price for this property is $9,995,000.
    What are key features of this property?
    This property features: - Iconic Downtown landmark property.; - Rare opportunity to reimagine a historic building.; - Mixed-use potential due to two attached buildings.
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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
    6 Union St Nantucket, MA 02554
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