33 Main StNantucket, MA 02554

This exceptional mixed-use property, located at 33 Main Street in the heart of Nantucket, MA, presents a rare investment opportunity. The three-story, 4,799 square foot building, constructed in 1847 and extensively renovated in 2009, 2015, and 2021, boasts a prime corner location at Main and Federal Streets. The property features approximately 1,256 square feet of ground-floor retail space with 14-foot ceilings and three points of egress, currently leased to Hill House Home. A matching sub-grade retail space of 1,256 square feet is also available, offering additional retail potential. A 628 square foot second-floor office unit, also leased to Hill House Home, provides versatile space. Completing the offering is a 1,031 square foot, one-bedroom apartment on the third floor, ideal for employee housing or seasonal rental. The building includes central HVAC, a sprinkler system, and an elevator. The property sits on a 0.03-acre lot and is zoned CDT. Currently operating at 100% occupancy with two tenants, the property generates a Net Operating Income (NOI) of $500,000, representing a 5.26% cap rate. Leases have a remaining term of 4.1 years, expiring December 31, 2028, with 3% annual rent bumps. The asking price is $9,500,000, translating to $1,979.58 per square foot. This turn-key investment offers significant upside potential in a highly desirable location.