265 Commercial Street, Provincetown, MA 02657 (MLS# 22205627)

265 Commercial Street, Provincetown, MA 02657

$2,780,000
Property Type: Commercial Square Footage: 6,148 Lot Size (sq. ft.): 3,920 Status: Closed
Current Price: $2,780,000 List Date: 10/24/2022 Last Modified: 9/29/2024

Overview

Description

Waterfront Mixed Use Investment Property now available for sale at 265 Commercial Street, Provincetown. The property is located in the heart of Provincetown across from Town Hall. The waterfront property is within close walking distance to USPO, Banks, Restaurants, Shops, Grocery, Whale Watches, Boston Ferry Service and much more. The 4008 square foot beachfront lot is improved by a 6,100+ square foot mixed use building with long established financials and substantial potential. The site has a restaurant tenant on the first floor and three waterfront apartment / suites on the second and third floors with private decks overlooking Provincetown Harbor and beach. Own a waterfront property, collect rents and enjoy your Provincetown pied-à-terre! High Traffic and foot counts coupled with Location, Location, Location, signage, frontage, beachfront and waterfront views make this a MUST SEE for any investor or end user in the market!

Listing Details MLS# 22205627

Contract Info

Original List Price
3500000
List Price/SqFt
569.29

Legal and Taxes

Street #
265
Street Name
Commercial
Street Suffix
Street
County
Barnstable
Town
Provincetown
Village
Provincetown
State
MA
Zip Code
02657
Tax ID
11-3-24-0
Estimated Annual Taxes
18659
Tax Year
2023
Building Assessments
1173100
Total Assessment
3273600
Title Reference - Book
31878-238
Underground Fuel Tank
Unknown
Lead Base Paint
Unknown
Asbestos
Unknown
Flood Ins Required
Not Verified
Elevation Certificate
No
Mass Use Code
10 - Multiple Use Property
Other Assessments
0

General Property Info

Region
Outer Cape
Primary Sub-Type
Mixed Use
Secondary Sub-Type
Income/Multi-Family
Zoning
TCC
# of Buildings
Yes
Stories
3
# of Units
4
Total Finished Space
6148
Field Card SqFt
6148
Condo
No
Association
No
Year Built
1900
Renovated
Yes
Year Renovated
2005
Business w/Real Estate
No
Lot Size SqFt
3920
Lot Size Source
Owner
Acres
0.09
Waterfront
Yes
Water Body
Provincetown Harbor
Waterfront Type
Bay/Harbor
Waterview
Yes
Water Body View
Provincetown Harbor
Waterview Type
Bay/Harbor
Residential Units
Yes
Total # Res Units
3
Commercial Units
Yes
Total # Comm Units
Yes
Industrial Units
No
Total # Industrial Units
8
Property Includes Recording Devices
No

Status Change Info

Concessions
No
Estimated Selling Date
2023-03-31
Under Contract Date
2022-11-28
Sold Date
2023-03-09
Sold Price/SqFt
452.18
SP/AV
0.85

Present Use

Present Use Comments
MIXED USE RES, RESTAURANT, COMMERCIAL
Mixed
Yes
Restaurant
Yes
Retail
Yes

Convenient To

Convenient to Water Body 1
Provincetown Harbor
In Town Location
Yes
Marina
Yes
Shopping
Yes

More Information

Remarks & Misc

Public Remarks
Waterfront Mixed Use Investment Property now available for sale at 265 Commercial Street, Provincetown. The property is located in the heart of Provincetown across from Town Hall. The waterfront property is within close walking distance to USPO, Banks, Restaurants, Shops, Grocery, Whale Watches, Boston Ferry Service and much more. The 4008 square foot beachfront lot is improved by a 6,100+ square foot mixed use building with long established financials and substantial potential. The site has a restaurant tenant on the first floor and three waterfront apartment / suites on the second and third floors with private decks overlooking Provincetown Harbor and beach. Own a waterfront property, collect rents and enjoy your Provincetown pied-à-terre! High Traffic and foot counts coupled with Location, Location, Location, signage, frontage, beachfront and waterfront views make this a MUST SEE for any investor or end user in the market!
Directions to Property
Bradford Street to Ryder Street, Right on Commercial Street, property located on left hand side of road, waterfront. Parking available at Town Municipal Parking Lot.

Special Listing Cond

None
Yes

Security Features

See Remarks
Yes

Lot Features

Level
Yes
Views
Yes

Basement Description

Full
Yes

Parking Features

None
Yes

Waterfront Desc

Bay
Yes
Harbor
Yes

Foundation Details

Poured
Yes

Water View Desc

Bay
Yes

Beach Description

Bay
Yes
Harbor
Yes
Other - See Remarks
Yes

Beach Ownership

None
Yes

Floors

Carpet
Yes
Hardwood
Yes
Parquet
Yes
Vinyl
Yes
Other
Yes

Walls

Sheet Rock
Yes

Sewer

Public Sewer
Yes

Building Const

Wood Frame
Yes

Exterior Features

Rear Entrance
Yes
Sign
Yes

Roof Description

Pitched
Yes

Siding Description

Shingle
Yes

Heating

Hot Water
Yes

Cooling

Wall Unit(s)
Yes

Fuel Type

Propane
Yes

Water

Public
Yes

Hot Water

Water Heater
Yes

Hot Water Source

Propane Gas
Yes

Property Features

Special Listing Cond: None Security Features: See Remarks Present Use: Mixed; Restaurant; Retail Lot Features: Level; Views Parking Features: None Waterfront Desc: Bay; Harbor Water View Desc: Bay Beach Description: Bay; Harbor; Other - See Remarks Beach Ownership: None Convenient To: In Town Location; Marina; Shopping Floors: Carpet; Hardwood; Parquet; Vinyl; Other Walls: Sheet Rock Foundation Details: Poured Basement Description: Full Building Const: Wood Frame Roof Description: Pitched Siding Description: Shingle Heating: Hot Water Cooling: Wall Unit(s) Fuel Type: Propane Water: Public Hot Water: Water Heater Hot Water Source: Propane Gas Sewer: Public Sewer
IDX
Listing Office: Premier Commercial
Listing Agent: John E Ciluzzi
Last Updated: September - 29 - 2024
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