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Property profile & analytics
OFF-MARKET Estimated value $685,000
Retail space

33 Main St Nantucket, MA 02554-3542

3,150 SF 0.03 ac lot Built 1847
Entity Owned 4-yr Hold
Property ID
US38-1290626
Property summary
AI-generated overview

This exceptional 1,256 square foot retail space is located on the lower level of a four-story Class A building at 33 Main Street, Nantucket, MA 02554, with dedicated access from Federal Street. The building, situated at the intersection of Main Street, Federal Street, and Independence Way, offers high visibility and foot traffic. The space is part of a multi-tenant building with a total of 4 suites and 4,799 square feet. The building features one hydraulic elevator. The property sits on a 0.03-acre lot and is zoned CDT. This versatile space is ideal for various uses, including high-end retail, medical offices, or creative office spaces. The unit includes a private bathroom and tenant-controlled HVAC. Currently vacant, it offers immediate occupancy. Lease terms are seasonal, running through December 31st, at a rate of $100,000 per season, plus 30% of utilities. A five-year lease is negotiable. The remaining building space is occupied by Hill House Homes until December 31, 2027. This presents a unique opportunity to establish a business in a prime Nantucket location during the peak tourist season, from April's Daffodil Festival through the Christmas Stroll. The property's location in the Downtown Nantucket submarket ensures high visibility and accessibility.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1847
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,150 SF
Lot 0.03 ac (1,307 SF)
Zoning code CDT
APN NANT M:04231 P:00211
UPID US38-1290626
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Magellan Jets Freight Service Logistics Company
  • Hill House Home Clothing & Fashion Store
  • Flight King Charter Rental Freight Service Logistics Company
  • The Diamond Door Nantucket (Bike/Boat/Book/etc) Store
  • Nantucket Psychic Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$857k
Blend (final) Blend
$685k
Owner & transaction history
Urbanski LLC · 4 yrs held
Urbanski LLC
since 2022
7 recorded transactions
2022
Price N/A
2012
$4.5M
2008
$4.5M
2005
Price N/A
2004
Price N/A
2003
Price N/A
2003
Price N/A
Zoning & alternative use
CDT · Nantucket, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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