Premier Corner Retail/Mixed-Use

Premier Corner Retail/Mixed-Use

Premier Corner Retail/Mixed-Use

Nantucket, MA

Suggested Opening Bid $6,900,000

Irreplaceable Location

March 31

Auction Date

Highlights

Property Types
Retail + Residential

Renovated
2009

Location
Premier Corner
Main Street & Federal Street

Sq. Ft.
Approx. 4,799

Occupancy
Delivered Vacant

Highlights
- Ground floor retail features approx. 14' high ceilings
- 2nd floor office
- Sub-grade retail
- 3rd floor apartment

How to Participate

Download Brochure Click Here
Review Due Diligence Information Click Here
Click here to receive email access to the Due Diligence Information, which includes survey, floor plans, tax bills, inspection reports, photographs, and more.
Tour Property
Please call 212.867.3333 or email info@prusa.com to arrange a tour.
Submit Bid by Bid Deadline (Wednesday, March 31)
You must submit (a) a written bid and (b) deposit (by bank check or wire) by bid deadline. Instructions are included in the Due Diligence Information.

Property subject to prior sale.
Buyer's Premium 6%.
Broker Participation Invited

We are pleased to present a rare opportunity to acquire an asset strategically situated at the premier corner of Main and Federal Streets in the heart of the affluent Nantucket, Massachusetts retail corridor. The property includes highly visible retail on the ground floor with 14’ ceilings, sub-grade retail, an office on the 2nd floor, and a one-bedroom apartment on the third floor. Additional improvements to the property consist of central HVAC units, sprinkler system, and elevator. The property is in true turn-key condition, ideal for any investor or owner/operator.

Broker Participation

Click below to download registration form Download

Date: 12/21/2024 Property: Premier Corner Retail/Mixed-Use

The undersigned, on behalf of him/herself along with each of his/her respective affiliates, principals, agents, successors and assigns (collectively, “Bidder”), hereby agrees to the following, in order to access certain information from PRUSA LLC d/b/a Paramount Realty USA (collectively, “PRUSA”):

1. Bidder hereby acknowledges its interest in Property for purpose of potentially purchasing same and wishes to access certain information, including proprietary and confidential information, pertaining to the Property (the “Due Diligence Information”).
2. Bidder agrees that the Due Diligence Information, as well as all other information provided in connection herewith, is provided for informational purposes only. Some information was furnished by outside sources and PRUSA makes no representations or warranties of any kind about the completeness, accuracy, reliability, suitability, availability or of any other nature regarding any information, including, but not limited to, figures, facts, descriptions, measurements, data, products, services, related graphics, and any representations contained therein. PRUSA hereby expressly advises Bidder not to rely on such information, and to independently conduct any and all studies, investigations, reports, searches and other inquiries before proceeding with the purchase of Property. No warranty or representation, express or implied, is made by seller(s), its listing agent(s) or PRUSA, or their respective employees or agents (collectively, “Seller Group”), as to the accuracy or completeness of any information.
3. Bidder agrees to keep the Due Diligence Information and all other information provided by Seller Group confidential and agrees not to disseminate same to any third-parties (except to partners, lenders, advisors and others in connection with the purchase of the Property) without the prior written consent of PRUSA. In no event will PRUSA be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, for any matter in connection herewith or in connection with any information contained in, or accessible through, the Due Diligence Information, including the inaccessibility of any virtual data room, online bidding platform or website that PRUSA or any other may make available, or otherwise. PRUSA may make available, or otherwise. Notwithstanding anything to the contrary, by its signature below and/or by accessing any information contained in the Due Diligence Information, Bidder agrees to the terms hereof and to the terms of sale, as set forth in the Due Diligence Information or elsewhere by PRUSA, and to forever and unconditionally release PRUSA from any cause or claim, whether in connection herewith, the Property, or otherwise.
4. Bidder understands that any unauthorized disclosure, distribution or use of such information may result in personal liability and penalties under the law.
5. No verbal statements may be relied upon.
6. Bidder hereby expressly, unequivocally and unconditionally releases PRUSA and Seller Group, and each of their respective representatives, affiliates, principals, agents and assigns from any liability whatsoever in connection with any matter relating to the Property or the purchase thereof.
7. Bidder agrees not to circumvent, or seek to circumvent, PRUSA in any manner regarding any interest in Property or in any other property or opportunity presented by PRUSA for a period of 2 (two) years from the date hereof.
8. This agreement shall be governed by the laws of the State of New York. Any claim arising out of or related to this document or any property, auction or transaction(s) contemplated hereunder shall be submitted to binding arbitration conducted by the American Arbitration Association, New York County (or at such venue as may be prescribed by law), pursuant to their rules relating to real estate disputes. The parties agree to submit the dispute to 3 (three) arbitrators chosen pursuant to AAA Rules. This shall be the sole remedy for any resolution of a dispute and the parties hereby consent to the exclusive jurisdiction of the American Arbitration Association.

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