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33 Main Street 33 Main St
1,256 SF of Office/Retail Space Available in Nantucket, MA 02554
Highlights
- Flexible deal structure, Seasonal Pop-up, Long Term Lease or Purchase Option.
- The property is located on the premier corner in the middle of the highest trafficked shopping corridor within the island of Nantucket, Massachusetts.
- Lack of land and restrictive zoning code, constricts new development in downtown Nantucket. This limits competition and drives up property values.
- High profile location with incredible visibility, high ceilings, employee housing, immediate occupancy to capture 2022 season.
- Highly educated local and tourist population with high disposable incomes provide opportunity for both immediate shopping and for brand recognition.
- Looking for a high-end art gallery operator interested in a pop-up or long term lease in Nantucket this summer.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level | 1,256 SF | Negotiable | $114.88 CAD/SF/YR $9.57 CAD/SF/MO $144,295 CAD/YR $12,025 CAD/MO | Plus Utilities and Char |
Lower Level
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.
- Listed lease rate plus proportional share of the utilities and cleaning cost
- Open Floor Plan Layout
- Fits 4 - 15 People
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- After Hours HVAC Available
- visit https://33ack.com/lower-level-retail-space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 33 Main Street
- Tenant
- Description
- US Locations
- Reach
- Clack LLC
- Real Estate
- -
- -
- Hill House Home
- Retailer
- -
- -
| Tenant | Description | US Locations | Reach |
| Clack LLC | Real Estate | - | - |
| Hill House Home | Retailer | - | - |
PROPERTY FACTS FOR 33 Main St , Nantucket, MA 02554
| Property Type | Retail | Gross Leasable Area | 4,799 SF |
| Property Subtype | Storefront Retail/Office | Year Built/Renovated | 1847/2015 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,799 SF |
| Year Built/Renovated | 1847/2015 |
About the Property
We are pleased to present a rare opportunity to either Lease or Purchase this prime retail corner. This strategically located property is a finished three-story retail building with residential apartment unit situated in the heart of Nantucket, Massachusetts. The property is approximately 4,799 square feet and boasts 1,256 RSF of retail on the ground floor with 14’ ceilings, accompanied by a fully sellable and finished lower level. Spaces can be leased jointly or individually. On the upper floors, there is additional office/retail space and a duplex apartment which attracts weekly rentals throughout the spring, summer, and fall months. Excellent for employee housing. Additional improvements to the property consist of central HVAC units, sprinkler system, CCTV and fire system and elevator. The property is in true turn-key condition, ideal for any investor or owner/operator. Nantucket is a small northeastern resort island located 30 miles south of Cape Cod, off the coast of mainland Massachusetts. It has received many accolades, with National Geographic naming it the Best Island in the World in 2012. The property itself is located on the corner of Main Street and Federal Street – essentially the most desirable corner on the island’s main retail strip. Neighboring tenants include Vineyard Vines, Ralph Lauren, J.McLaughlin, amongst many other restaurants and local shops. The property is located three blocks from the harbor and wharf and is situated on the primary feeder street to the rest of the island. The retail environment of the island is robust, with its seasonal sales alone rivaling other resort areas such as Palm Springs, Aspen, Naples, and Newport. After the arrival of Ralph Lauren in 2009 the Nantucket Zoning Board created zoning restrictions on retailers on Nantucket. With Nantucket merchants realizing annual sales that rival resort areas such as Palm Beach, Naples, Newport, and Aspen, this restriction has prevented other major brands from securing a spot in this highly visible and economically strong destination. If you are planning to expand your brand to a national or international scope, its important to enter this market prior to obtaining ten (10) locations worldwide. This zoning restriction does not apply to service provides such as financial institutions and service providers. Please visit www.33ACK.com for more information on the property.
- Corner Lot
- Signage
- Tenant Controlled HVAC
DEMOGRAPHICS
Demographics
Nearby Major Retailers
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33 Main Street | 33 Main St
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