Downtown Development Opportunity

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One of the last oversized redevelopment parcels in Nantucket’s Old Historic District. Located near the heart of downtown, this nearly 15,000-square-foot property sits within a premier residential and commercial corridor that continues to experience strong appreciation and sustained demand. The opportunity is being offered off market with an acquisition price of approximately $8.5 million.

The property can be subdivided into two oversized lots, each capable of supporting 40% ground cover, or nearly 6,000 square feet of total building area. The site permits the development of two main dwellings along with secondary structures such as guest cottages, garage apartments, or other accessory buildings, offering flexible design and program potential. 

Demand for newly built or fully renovated homes in the Old Historic District has outpaced supply for years, with recent nearby transactions exceeding $10 million and reaching as high as $24.8 million for a renovated historic home on a smaller lot at 72 Main Street. With so few opportunities for true new construction in this district, this property stands out as a generational redevelopment opportunity, one that combines historic location, scale, and market timing to deliver extraordinary value.