INVESTMENT PROPERTY FOR SALE
Unlock a golden opportunity in the heart of Nantucket's affluent retail district at the coveted intersection of Main & Federal Streets. Introducing 33 Main Street - a spacious, well-maintained property boasting 4,799 RSF+/- of premium space wioth excellent cash flow. Purchase as investment or as a user.
🔸 Key Features:
- Prime Retail Space: 1,256 RSF+/- on the ground floor with impressive 14’ ceilings for maximum impact and visibility which is currently leased through 12/31/2027. .
- Additional Retail: A sub-grade unit matching the ground floor's dimensions, ensuring ample room for diverse operations.
- Office Space: A stylish 628 RSF +/- office unit on the second floor is ideal for administrative or creative uses, also leased until 12/31/2027. The lower-level retail space is suitable for office use as well.
- Residential Delight: A cozy 1,031 RSF+/- one-bedroom apartment on the third floor, offering comfort in a premium location which is currently leased through 12/31/2027.
- Top-notch Improvements: Benefit from central HVAC units, a comprehensive sprinkler system, and a convenient elevator.
- 1031 Exchange Opportunity: Need a 1031 Exchange opportunity? This cash flow positive property might be a perfect fit.
- Vacancy: The buyer has the option to terminate all existing agreements and occupy the space as desired, subject to certain restrictions
💼 Investment & Ownership Benefits:The property stands in pristine, move-in-ready condition, ideal for both investors seeking a hassle-free acquisition and owner/operators desiring a central operational hub. Notably, while the Ground Floor, Second Floor, and Apartment Unit are secured with tenants until 12/31/2027, buyers retain the prerogative to reconsider licensing agreements. Currently, the lower level retail has a seasonal tenant and we hope they will extend at the conclusion of their license agreement. Buyer does have the opportunity to terminate License Agreements if desired with certain restrictions.
💼 Purchase Price: $9,500,000
📞 Discover More: For a detailed walkthrough or any inquiries, get in touch at 917-921-8775. Dive into the Nantucket real estate market's heart with a property that promises unparalleled potential!
Property is Marketed On The Following Platforms
Copyright © 2021 33 Main Street, Nantucket MA - All Rights Reserved.The terms set forth in this Presentation are not intended to be complete or final. This material is for information purposes only and does not constitute a financial promotion, investment advice or an inducement or incitement to participate in any product, offering or investment. It does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase any investment nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract. No representation warranty or undertaking express or implied is given as to the accuracy or completeness of the information or no representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this document by Hays Ventures, LLC its members or employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions.
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Don't Miss Out!
Make sure you seize the opportunity to establish your brand on Nantucket. Numerous fast-growing brands overlooked this chance and now can no longer open a store on the island as they exceeded ten (10) stores without having a presence in Nantucket. Don’t be that brand!
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