177 Commercial Street, Provincetown, MA 02657 (MLS# 21901190)

177 Commercial Street, Provincetown, MA 02657

$3,160,000
Property Type: Commercial Square Footage: 3,376 Lot Size (sq. ft.): 3,920 Status: Closed
Current Price: $3,160,000 List Date: 2/28/2019 Last Modified: 9/29/2024

Overview

Description

This bustling and popular West End restaurant and bar is located on Provincetown's picturesque waterfront. With a total of 94 seats, 30 in the popular bar and 64 in the water view dining room, this established, year-round, landmark property generates solid numbers. In addition to the commercial space, there is a penthouse apartment with a 400 s.f. deck with extraordinary harbor views. Real estate, equipment, licenses and goodwill included. Renovated building with approved variance for exterior deck for outside dining and Chapter 91 license. Great investment opportunity.

Listing Details MLS# 21901190

Contract Info

Original List Price
3895000
List Price/SqFt
1005.63

Legal and Taxes

Street #
177
Street Name
Commercial
Street Suffix
Street
County
Barnstable
Town
Provincetown
Village
Provincetown
State
MA
Zip Code
02657
Tax ID
11-1-12-0
Estimated Annual Taxes
15640.33
Tax Year
2021
Building Assessments
403400
Total Assessment
403400
Betterment
6221.94
Title Reference - Book
28159
Title Reference - Page
308
Underground Fuel Tank
No
Lead Base Paint
Unknown
Asbestos
Unknown
Flood Ins Required
Yes: verify w/insurance agent
Elevation Certificate
No
Mass Use Code
10 - Multiple Use Property
Other Assessments
0

General Property Info

Region
Outer Cape
Primary Sub-Type
Restaurant
Secondary Sub-Type
Residential w/Bus
Other Sub-Type
Restaurant
School District
Provincetown
Zoning
TCC
# of Buildings
Yes
Stories
2
Total Finished Space
3376
Field Card SqFt
3376
Seating Capacity
101 or More
Condo
No
Association
No
Year Built
1900
Renovated
Yes
Year Renovated
2011
Business w/Real Estate
Yes
Lot Size SqFt
3920
Lot Size Source
Assessor
Acres
0.09
Waterfront
Yes
Water Body
Other
Waterfront Type
Other
Waterview
Yes
Water Body View
Other
Waterview Type
Other
Residential Units
Yes
Commercial Units
Yes
Industrial Units
No
Total # Industrial Units
6
Property Includes Recording Devices
No

Status Change Info

Concessions
No
Estimated Selling Date
2022-08-05
Under Contract Date
2021-11-07
Sold Date
2022-08-03
Sold Price/SqFt
936.02
SP/AV
7.83

Present Use

Present Use Comments
94 seat rest and large one bedroom/loft
Food Services
Yes
Mixed
Yes
Restaurant
Yes

Business Includes

Business Includes Comments
equimpment necessary to run rest that are not leased
Business Name
Yes
Equip Inventory Avl
Yes
Equipment
Yes
Goodwill
Yes

More Information

Remarks & Misc

Public Remarks
This bustling and popular West End restaurant and bar is located on Provincetown's picturesque waterfront. With a total of 94 seats, 30 in the popular bar and 64 in the water view dining room, this established, year-round, landmark property generates solid numbers. In addition to the commercial space, there is a penthouse apartment with a 400 s.f. deck with extraordinary harbor views. Real estate, equipment, licenses and goodwill included. Renovated building with approved variance for exterior deck for outside dining and Chapter 91 license. Great investment opportunity.
Directions to Property
Travel E on Rt 6 Take left at lights on Conwell, follow to Bradford Street. Right on Bradford, left on Ryder, Right on Commercial follow Commercial unit you come to the property on your left.

Special Listing Cond

None
Yes

Lot Features

Level
Yes

Basement Description

Finished
Yes
Full
Yes
Interior Access
Yes
Locked Storage
Yes
Walk-Out Access
Yes

Building/Business

Business Name
Bayside Betsy's
Business Operating
Yes
Conforming Use
Yes

Parking Features

None
Yes

Waterview Direction

South
Yes

Waterfront Desc

Harbor
Yes
Public
Yes
Salt
Yes

Foundation Details

Brick/Mortar
Yes
Other
Yes

Water View Desc

Harbor
Yes
Marina
Yes
Public
Yes
Salt
Yes

Beach Description

Harbor
Yes

Convenient To

In Town Location
Yes
Marina
Yes
Shopping
Yes

Beach Ownership

None
Yes

Floors

Carpet
Yes
Vinyl
Yes
Wood
Yes

Walls

Sheet Rock
Yes

Utilities

Cable
Yes
Electricity
Yes
High Speed Internet
Yes
Telephone
Yes

Sewer

Public Sewer
Yes

Building Const

Wood Frame
Yes

Exterior Features

Sign
Yes

Building Features

Other
Yes

Roof Description

Asphalt
Yes
Flat
Yes
Membrane
Yes
Pitched
Yes
Shingle
Yes

Siding Description

Clapboard
Yes
Shingle
Yes

Heating

Hot Water
Yes

Cooling

Other
Yes

Fuel Type

Oil
Yes
Propane
Yes

Water

Public
Yes

Hot Water

Water Heater
Yes

Hot Water Source

Electric
Yes
Oil
Yes

Seasonal

Year Round
Yes

Owner Living Qtrs

1 Bath
Yes
1 Bedroom
Yes
Attached
Yes
Year Round
Yes

Miscellaneous

CATV - All
Yes
Deck - All
Yes
Deck - Some
Yes
Dining Area - All
Yes
Dining Area - Some
Yes
Handicap Eqp'd - All
Yes
Insulated Doors - All
Yes
Insulated Doors - Some
Yes
Insulated Windows - All
Yes
Insulated Windows - Some
Yes
Phone - All
Yes
Screens - All
Yes
Screens - Some
Yes
TV - All
Yes
TV - Some
Yes

Property Features

Special Listing Cond: None Present Use: Food Services; Mixed; Restaurant Business Includes: Business Name; Equip Inventory Avl; Equipment; Goodwill Lot Features: Level Parking Features: None Waterfront Desc: Harbor; Public; Salt Waterview Direction: South Water View Desc: Harbor; Marina; Public; Salt Beach Description: Harbor Beach Ownership: None Convenient To: In Town Location; Marina; Shopping Floors: Carpet; Vinyl; Wood Walls: Sheet Rock Foundation Details: Brick/Mortar; Other Basement Description: Finished; Full; Interior Access; Locked Storage; Walk-Out Access Building Const: Wood Frame Building Features: Other Roof Description: Asphalt; Flat; Membrane; Pitched; Shingle Siding Description: Clapboard; Shingle Heating: Hot Water Cooling: Other Fuel Type: Oil; Propane Water: Public Hot Water: Water Heater Hot Water Source: Electric; Oil Seasonal: Year Round Utilities: Cable; Electricity; High Speed Internet; Telephone Sewer: Public Sewer Owner Living Qtrs: 1 Bath; 1 Bedroom; Attached; Year Round Miscellaneous: CATV - All; Deck - All; Deck - Some; Dining Area - All; Dining Area - Some; Handicap Eqp'd - All; Insulated Doors - All; Insulated Doors - Some; Insulated Windows - All; Insulated Windows - Some; Phone - All; Screens - All; Screens - Some; TV - All; TV - Some
IDX
Listing Office: Gibson Sotheby's International Realty
Listing Agent: David M Nicolau
Last Updated: September - 29 - 2024
Broker Attribution: david.nicolau@gibsonsir.com

All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than CC&I Assoc. of REALTORS, Inc include the name of the listing company. Neither the listing company nor CC&I Assoc. of REALTORS, Inc shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. This site was last updated 02/14/2017. All properties are subject to prior sale, changes, or withdrawal. Copyright 2020© Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved