Excellent opportunity to own and develop a centrally located, oversized lot in the CMI district suitable for myriad commercial and/or residential uses. The location affords potential second and third floor views of Nantucket Harbor and Monomoy Creeks, as well as easy access to Town and mid-island conveniences. Zoning permits 50 percent ground cover, 40' ridge heights, up to six residential units and a total of eight bedrooms. Current owner has HDC-approved plans and ZBA approval for five apartment units and garage. The renderings, site plan and floor plans are in the documents section. The abutting property at 137 Orange Street is also available for sale providing a buyer a tremendous opportunity for a larger-scale development.