38 Center Street, Nantucket, MA 02554 (MLS# 21804237)
38 Center Street, Nantucket, MA 02554
Overview
Description
Supplements: ... (Read more) Call for more details or to schedule an appointment. First Floor The main floor consists of a large, open retail space with tall ceilings and an enormous 10' X 8' picture window fronting on Center Street, as well as two additional display windows near the spacious front entry. The main floor includes a 16' X 12' show room, several additional display areas, a reception space for a desk/checkout area or additional display, and a separate 11' X 8' work/storage room. The first floor enjoys tremendous ambient light and tall ceilings and is open to the second floor above. Current lease income is $80,000 but has been as high as $110,000 per year. (Owner pays heat and taxes) Second Floor A wide, split staircase, leads to the second floor retail space which is also bright and airy, with several retail display areas. This floor has a half bathroom and a separate storage room with sink and refrigerator. (Same lease as first floor). Third Floor The third floor apartment is one of the most unique pied-a-terres in Town as it has a spacious outdoor deck overlooking all of Town and Nantucket Harbor. The apartment is accessed by a separate set of stairs with front entry on Center Street. It consists of a one bedroom apartment with an open living room with skylight. The living room opens to the spacious outdoor deck with room for an outdoor seating/dining area. There is a small kitchen, full bath and bedroom. The apartment currently generates $26,400 in annual income. Basement The lower level retail space is hardly what you might think of for a lower level as it includes a sizable 3' X 6' picture window and front entry right on Center Street, perfect for inviting passersby. The main show room is approximately 19' X 18' and there is a separate, 21' X 10' office/storage area. Current lease provides annual income of $30,000.
Listing Details MLS# 21804237
Contract Info
- Original List Price
- 3250000
- Lease Terms
- Year
- List Price/SqFt
- 1058.66
Legal and Taxes
- Street #
- 38
- Street Name
- Center
- Street Suffix
- Street
- County
- Nantucket
- Town
- Nantucket
- Village
- Nantucket
- State
- MA
- Zip Code
- 02554
- Tax ID
- 4231-66
- Estimated Annual Taxes
- 9628
- Tax Year
- 2018
- Building Assessments
- 697200
- Other Assessments
- 915600
- Total Assessment
- 1612800
- Title Reference - Book
- C0016
- Title Reference - Page
- 976
- Lead Base Paint
- Unknown
- Flood Ins Required
- Not Verified
- Mass Use Code
- 32 - Multiple Use Property
General Property Info
- Region
- Nantucket
- Primary Sub-Type
- Retail
- School District
- Nantucket
- Zoning
- RCDT
- # of Buildings
- Yes
- Stories
- 2
- Total Finished Space
- 2881
- Condo
- No
- Year Built
- 1860
- Renovated
- Yes
- Year Renovated
- 1984
- Business w/Real Estate
- Yes
- Lot Size SqFt
- 1307
- Lot Size Source
- Assessor
- Acres
- 0.03
- Waterfront
- No
- Waterview
- Yes
- Residential Units
- Yes
- Commercial Units
- Yes
- Industrial Units
- No
Status Change Info
- Concessions
- No
- Estimated Selling Date
- 2019-01-31
- Under Contract Date
- 2019-01-15
- Sold Date
- 2019-02-04
- Sold Price/SqFt
- 867.75
- SP/AV
- 1.55
Remarks & Misc
- Public Remarks
- CENTER STAGE! This elegant blue building is perched prominently on Center Street in the heart of Nantucket's core retail/commercial district. Comprised of two retail units through three floors of commercial space, this landmark property also boasts one of downtown's most unique residences overlooking Town and Nantucket Harbor. With enormous display windows and excellent pedestrian and vehicular visibility, this property is ideal for retail use and offers a residential component for staff or separate rental. Each retail unit enjoys its own entrance and oversized display windows fronting on Center Street. The main commercial space is presently leased to Nathan Coe and Illya Kagan's photography and studio; two additional leases are in place so advanced notice is required for showings.
- Directions to Property
- From Fisher Real Estate, head up Main Street and take a right on Center Street. It will be on the left.
Special Listing Cond
- Broker-Agent/Owner
- Yes
More Information
Basement Description
- Finished
- Yes
Foundation Details
- Other
- Yes
Beach Description
- None
- Yes
Beach Ownership
- None
- Yes
Floors
- Carpet
- Yes
- Hardwood
- Yes
Walls
- Plaster
- Yes
- Sheet Rock
- Yes
Sewer
- Public Sewer
- Yes
Exterior Features
- Display Window
- Yes
Roof Description
- Asphalt
- Yes
Siding Description
- Clapboard
- Yes
Heating
- Hot Water
- Yes
Cooling
- None
- Yes
Fuel Type
- Oil
- Yes
Water
- Public
- Yes
Hot Water
- Tankless Water Heater
- Yes
Hot Water Source
- Propane Gas
- Yes
Property Features
Documents

Plot Plan ›