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PRIME INVESTMENT PROPERTY - 33 Main Street 33 Main St
4,799 SF 74% Leased Retail Building Nantucket, MA 02554 $9,500,000 ($1,980/SF) 5.26% Cap Rate
Investment Highlights
- This prime retail space is located on the premier corner in the middle of the highest-trafficked shopping corridor within the island of Nantucket.
- Neighboring tenants include Vineyard Vines, Ralph Lauren, J.McLaughlin, amongst many other restaurants and local shops.
- The Islands Downtown Historic District is a perfect attraction for locals and tourists, with an array of walkable shops and amenities.
- Rare opportunity to secure a highly visible & trafficked premier retail location.
- The property is in true turn-key condition, ideal for any investor or owner/operator or 1031 requirement.
- Strong Cash Flow.
Executive Summary
Property Facts
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- HILL HOUSE HOME
- Retailer
- 3,543 SF
- -
- -
- Dec 2027
- Vitalitea Group LLC
- Retailer
- 1,256 SF
- -
- Plus All Utilities
- Dec 2028
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| HILL HOUSE HOME | Retailer | 3,543 SF | - | - | Dec 2027 | |
| Vitalitea Group LLC | Retailer | 1,256 SF | - | Plus All Utilities | Dec 2028 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Lower-Level Retail has approximately 1,256 square feet of bright retail space, a private bathroom, and tenant-controlled HVAC. On the corner of Federal Street and Independence Way, the tenant has hanging street signage. Ideal for a high-end art gallery, salon, medical facility, fashion runway, or marketing space. You will be able to market your products in this desired market with dedicated access from Federal Street, street signage on the corner of Federal and Independence Way, a prime location, and segregated HVAC for the space. You can be up and running by April's Daffodil Festival and take advantage of Nantucket's busy nine-month selling season, which culminates in the hugely popular Christmas Stroll—a year-end shopping spree. The remainder of the building is occupied by high-end retailer Hill House Home until December 31, 2027.
| Space | Size | Space Use | Position | Available |
| Lower Level | 1,256 SF | Office/Retail | - | Now |
Lower Level
| Size |
| 1,256 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Lower Level
| Size | 1,256 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Lower-Level Retail has approximately 1,256 square feet of bright retail space, a private bathroom, and tenant-controlled HVAC. On the corner of Federal Street and Independence Way, the tenant has hanging street signage. Ideal for a high-end art gallery, salon, medical facility, fashion runway, or marketing space. You will be able to market your products in this desired market with dedicated access from Federal Street, street signage on the corner of Federal and Independence Way, a prime location, and segregated HVAC for the space. You can be up and running by April's Daffodil Festival and take advantage of Nantucket's busy nine-month selling season, which culminates in the hugely popular Christmas Stroll—a year-end shopping spree. The remainder of the building is occupied by high-end retailer Hill House Home until December 31, 2027.
DEMOGRAPHICS
Demographics
PROPERTY TAXES
| Parcel Number | NANT-004-231-000-000-0002-11-000-000 | Improvements Assessment | $2,360,300 |
| Land Assessment | $5,011,900 | Total Assessment | $7,372,200 |
PROPERTY TAXES
-
Justin Green -
Hays Realty Services LLC
Presented by
PRIME INVESTMENT PROPERTY - 33 Main Street | 33 Main St
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