294 Commercial Street, Provincetown, MA 02657 (MLS# 22405811)
294 Commercial Street, Provincetown, MA 02657
$3,499,000
Property Type:
Commercial
Square Footage:
5,443
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$3,499,000
List Date:
12/12/2024
Last Modified:
1/14/2026
Description
Make Provincetown Your OWN with these two mixed use buildings featuring a combined 10 bedrooms and 6 baths, and a prime commercial space with a half bath in the heart of Provincetown's downtown commercial district! First time on the market in over 50 years. Building one consists of ground floor retail space (approx. 1500sf) that has housed Coconuts Sunglasses for over 36 years, the second floor is a newly renovated approx. 1288sf 3BR/1BA (#5), separate coin operated laundry room for all of the apartments, and the top floor is an approx. 870sf 2BR/1BA (#6) and features a large sun deck. Building two consists of an approx. 240sf studio (#3), two approx. 372sf and 520sf 1BR/1BAs (#1 and #4), an approx. 605sf 2BR/1BA (#2), and a two car garage. Property being sold AS IS. Generates gross rental income of over $300,000+ across all units with mostly short term rentals. Cap rate of 5.5%. Many new plumbing/heating and cooling updates and improvements including new roof for front building. Furnishings negotiable. Sewer betterment paid in full.
More Information MLS# 22405811
Contract Info
List Price/SqFt: 642.84
Status: Active
Original List Price: 3850000
List Price: $3,499,000
Current Price: $3,499,000
List Date: 2024-12-02
Legal and Taxes
Town: Provincetown
Village: Provincetown
Estimated Annual Taxes: 14407
Building Assessments: 2111200
Other Assessments: 0
Total Assessment: 2760000
Title Reference - Book: 4638
Title Reference - Page: 251
Underground Fuel Tank: Unknown
Flood Ins Required: Yes: verify w/insurance agent
Lead Base Paint: Unknown
Asbestos: Unknown
Elevation Certificate: No
Mass Use Code: 13 - Multiuse, predominantly residential
Nitrogen Sensitive Area: No
Street #: 294
Street Name: Commercial
Street Suffix: Street
County: Barnstable
State: MA
Zip Code: 02657
Tax ID: 11-3-104-0
Tax Year: 2025
General Property Info
Region: Outer Cape
Primary Sub-Type: Mixed Use
School District: Provincetown
Zoning: TCC
Renovated: Yes
# of Buildings: 2
Year Renovated: 2023
Renovated Comments: Apartments #5 and #6 underwent some renovations in 2023. Others have had various improvements over the last few years - separate water heaters, split air conditioning/heat units, new furnishings, etc
Stories: 3
Field Card SqFt: 3517
Additional Finished Space: 1926
# of Units: 7
Additional SqFt Source: Public Records
Condo: No
Association: No
Business w/Real Estate: No
Lot Size SqFt: 3485
Lot Size Source: Field Card
Acres: 0.08
# of Parking Spaces: 1
Golf Course Front: No
Golf Course View: No
Waterfront: No
Waterview: Yes
Water Body View: Provincetown Harbor
Waterview Type: Bay/Harbor
Residential Units: Yes
Total # Res Units: 6
Commercial Units: Yes
Total # Comm Units: 1
Industrial Units: No
Total # Industrial Units: 0
Property Includes Recording Devices: No
Total Finished Space: 5443
Year Built: 1880
Remarks & Misc
Public Remarks: Make Provincetown Your OWN with these two mixed use buildings featuring a combined 10 bedrooms and 6 baths, and a prime commercial space with a half bath in the heart of Provincetown's downtown commercial district! First time on the market in over 50 years. Building one consists of ground floor retail space (approx. 1500sf) that has housed Coconuts Sunglasses for over 36 years, the second floor is a newly renovated approx. 1288sf 3BR/1BA (#5), separate coin operated laundry room for all of the apartments, and the top floor is an approx. 870sf 2BR/1BA (#6) and features a large sun deck. Building two consists of an approx. 240sf studio (#3), two approx. 372sf and 520sf 1BR/1BAs (#1 and #4), an approx. 605sf 2BR/1BA (#2), and a two car garage. Property being sold AS IS. Generates gross rental income of over $300,000+ across all units with mostly short term rentals. Cap rate of 5.5%. Many new plumbing/heating and cooling updates and improvements including new roof for front building. Furnishings negotiable. Sewer betterment paid in full.
Directions to Property: Standish Way to right on Commercial Street. 294 Commercial is on the right side and includes retail space where Coconuts Sunglasses is and 6 other apartments and a garage in a total of two buildings.
Special Listing Cond
None: 1
Basement Description
No Basement: 1
Present Use
Mixed: 1
Retail: 1
Parking Features
Driveway: 1
Off Street: 1
Foundation Details
Block: 1
Brick/Mortar: 1
Convenient To
Conservation Area: 1
Golf Course: 1
In Town Location: 1
Major Highway: 1
Marina: 1
Public Tennis: 1
Shopping: 1
Convenient to Water Body 1: Agawam River
Floors
Hardwood: 1
Laminate: 1
Tile: 1
Vinyl: 1
Wood: 1
Walls
Sheet Rock: 1
Sewer
Public Sewer: 1
Exterior Features
Display Window: 1
Sign: 1
Roof Description
Asphalt: 1
Flat: 1
Pitched: 1
Shingle: 1
Other: 1
Siding Description
Clapboard: 1
Shingle: 1
Heating
Electric: 1
Other: 1
Cooling
Wall Unit(s): 1
Other: 1
Fuel Type
Electric: 1
Propane: 1
Water
Public: 1
Hot Water
Tankless Water Heater: 1
Water Heater: 1
Hot Water Source
Electric: 1
Propane Gas: 1
Seasonal
Year Round: 1
Laundry
Shared: 1
Utility Room: 1
Commercial Unit 1
Occupancy: Occupied
Type: Retail
Rent: 90000
Property Features
Special Listing Cond: None
Present Use: Mixed; Retail
Parking Features: Driveway; Off Street
Convenient To: Conservation Area; Golf Course; In Town Location; Major Highway; Marina; Public Tennis; Shopping
Floors: Hardwood; Laminate; Tile; Vinyl; Wood
Walls: Sheet Rock
Foundation Details: Block; Brick/Mortar
Basement Description: No Basement
Roof Description: Asphalt; Flat; Pitched; Shingle; Other
Siding Description: Clapboard; Shingle
Heating: Electric; Other
Cooling: Wall Unit(s); Other
Fuel Type: Electric; Propane
Water: Public
Hot Water: Tankless Water Heater; Water Heater
Hot Water Source: Electric; Propane Gas
Seasonal: Year Round
Sewer: Public Sewer
Laundry: Shared; Utility Room
Lead Paint Disclosure ›
Listing Office:
William Raveis Real Estate & Home Services
Listing Agent:
Joel J Harms
Last Updated: January - 14 - 2026
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