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An amazing canvas for creative visionaries to bring something new to Downtown. With two buildings on an oversized corner lot, there is significant infrastructure in place to accelerate the next project. A unique opportunity to re-develop a prime piece of Nantucket commercial real estate. Approximately 7186 sqft of finished interior space in the existing theater building and 1,907 sqft of finished interior space in the antique house. There are a multitude of complementing mixed use options to consider here. Some allowable uses in CDT: residential, retail, restaurant/bar/tavern, hotel, personal services, spa, offices, gallery, bakery & market. Condominium eligible.

Property Details of 5 North Water Street

Property Details

Interior Features

Nearest Landvest Office

Nantucket, MA

Nantucket, MA

617-723-1800
2 Windy Way, Box 134,
Nantucket, MA 02554
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Based on information submitted to MA_LINK as of June 10, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MA_LINK.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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