167r Orange St Nantucket, MA 02554

Property Details for 167r Orange St

Year built

1850

Lot size

1.07 lot acres

Property size

2,771 SF

Property type

Commercial real estate

Description

This exceptional 1.07-acre commercial lot at 167R & 171 Orange Street, Nantucket, MA, presents a rare development opportunity. Boasting 2,771 square feet and high visibility, this property enjoys stunning water views and convenient access to the Monomoy Creeks. Its strategic location across from Land Bank property, encompassing the Creeks Preserve and the Ottison family property, ensures a tranquil yet highly accessible setting. The property is zoned CMI, allowing for mixed-use development with flexible building options. Under the CMI zoning, developers can construct a mixed-use building with one apartment per 2,000 square feet of land (yielding approximately 46,000+ square feet of potential development), or alternatively, one apartment per 1,250 square feet for a building without commercial space. Municipal utilities are readily available, and the property benefits from proximity to pedestrian and bike paths. Its convenient location near the town center, Stop & Shop, Marine Home Center, the Mid-Island Post Office, and local banks ensures excellent retail exposure and strong tenant appeal. The existing structure includes first-floor living, dining, and kitchen areas, one bathroom, laundry facilities, and an attached two-car garage with an additional bedroom and shared bath. This unique combination of natural beauty, prime location, and flexible zoning makes this a truly generational investment opportunity in a highly sought-after Nantucket marketplace.

Location Insight

City

Nantucket

County

Nantucket

State

Massachusetts

Longitude

-70.0894

Latitude

41.2715