5 N WATER ST
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Location
5 N WATER ST
Mblu
4242/ / 88/ /
Acct#
00010470
Owner
NANTUCKET PERFORMING ARTS CENTER INC
Assessment
$9,285,400
PID
10470
Building Count
2
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$6,279,400$3,006,000$9,285,400

Owner of Record
OwnerNANTUCKET PERFORMING ARTS CENTER INC
Co-Owner
Address199 OTIS STREET
WEST NEWTON, MA 06840
Sale Price$9,485,000
Certificate
Book & Page 2010/084
Sale Date04/11/2025
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
NANTUCKET PERFORMING ARTS CENTER INC$9,485,000 2010/0840004/11/2025
NANTUCKET THEATRE PROJECT LLC$0 1475/1719903/18/2015
BOLTON LYNNE M$2,500,000 1359/0960012/13/2012
RANNEY H FLINT & CHARRON P$750,000 0257/109 09/15/1986

Building Information
Building 1 : Section 1
Year Built: 2015
Living Area: 6,386
Replacement Cost: $6,181,514
Building Percent Good: 92
Replacement Cost
Less Depreciation:
$5,687,000
Building Attributes
FieldDescription
Style:Theaters Encl.
ModelCommercial
GradeExcellent
Stories:2.25
Occupancy1.00
Exterior Wall 1Wood Shingle
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2 
Heating FuelOil
Heating TypeHot Water
AC TypeCentral
Struct Class 
Use:THEATER
Total Rooms 
Total Bedrms0
Total Baths5
1st Floor Use:3400
Heat/ACHEAT/AC SPLIT
Frame TypeWOOD FRAME
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsABOVE AVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,337 3,337
FUSUpper Story, Finished 3,049 3,049
FBMBasement, Finished 3,337 0
FEPPorch, Enclosed, Finished 25 0
FOPPorch, Open, Finished 152 0
UATAttic, Unfinished 2,565 0
WDKDeck, Wood 240 0
   12,705 6,386
Building 2 : Section 1
Year Built: 1850
Living Area: 1,907
Replacement Cost: $795,625
Building Percent Good: 60
Replacement Cost
Less Depreciation:
$477,400
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAverage
Stories:1.75
Occupancy1.00
Exterior Wall 1Clapboard
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Pine/Soft Wood
Interior Floor 2 
Heating FuelOil
Heating TypeHot Water
AC TypeCentral
Struct Class 
Use:OFFICE BLD M94
Total Rooms 
Total Bedrms00
Total Baths2
1st Floor Use:3220
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 1,259 1,259
TQSThree Quarter Story 864 648
UBMBasement, Unfinished 1,259 0
WDKDeck, Wood 88 0
   3,470 1,907

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELEVELEVATOR1.00 UNITS$46,0001
SPR1SPRINKLERS-WET6386.00 S.F.$55,8001

Land
Land Use
Use Code362O
DescriptionMOVIE THTR M06  
ZoneCDT
NeighborhoodG50
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.17
Frontage0
Depth0
Assessed Value$3,006,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAT1PATIO-AVG  784.00 S.F.$7,6001
PAT1PATIO-AVG  392.00 S.F.$3,8001
PAT1PATIO-AVG  140.00 S.F.$1,8002
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$6,279,400$3,006,000$9,285,400
2025$5,989,200$2,731,700$8,720,900
2024$5,599,800$2,601,700$8,201,500
2023$5,221,800$2,393,100$7,614,900
2022$4,982,000$2,175,500$7,157,500

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