296 Commercial Street, Provincetown, MA 02657 (MLS# 22100346)
296 Commercial Street, Provincetown, MA 02657
$3,250,000
Property Type:
Commercial
Square Footage:
4,410
Lot Size (sq. ft.):
4,356
Status:
Closed
Current Price:
$3,250,000
List Date:
1/26/2021
Last Modified:
9/29/2024
Description
Mixed Use Commercial Investment Property with Guest House and High Viability Retail Space Now Available For Sale! Branded as ''The Lotus Guesthouse'', the site includes 12 guest suites that were recently renovated. King and Queen bedding compliments the 2 floors of spacious accommodations that are decorated with marble sinks and numerous gas fireplaces. Common areas to the rear are private, allowing guests to retreat to secluded nooks within steps of all of Provincetowns excitement. Views of Provincetown Harbor, Pilgrim Monument and Town Hall are visible from the suites.Located in the TRUE HEART of the downtown business district, the property enjoys tremendous foot and vehicle traffic year round. The vacant 2300 square foot retails space was formerly known as ''BODY BODY'' and has two beautiful display windows that mirror London's Selfridge style, The open floor plan allows for easy retail display and has substantial storage space to the rear of the unit. The property's location, condition, strong financial performance, frontage, signage and reputation make this an absolute must see. Potential Redevelopment to Condos to create Retail as a stand alone! Make you Dream Investment Now!
More Information MLS# 22100346
Contract Info
List Price/SqFt: 793.65
Status: Closed
Original List Price: 3500000
Sold Price: $3,250,000
Current Price: $3,250,000
List Date: 2021-01-26
Legal and Taxes
Town: Provincetown
Village: Provincetown
Estimated Annual Taxes: 11261
Building Assessments: 691000
Other Assessments: 0
Total Assessment: 1663400
Title Reference - Book: 5443-14
Underground Fuel Tank: Unknown
Flood Ins Required: Not Verified
Lead Base Paint: Unknown
Asbestos: Unknown
Elevation Certificate: No
Mass Use Code: 302 - Inn/Resort/Tourist Homes
Street #: 296
Street Name: Commercial
Street Suffix: Street
County: Barnstable
State: MA
Zip Code: 02657
Tax ID: 11-3-105-0
Tax Year: 2021
General Property Info
Region: Outer Cape
Primary Sub-Type: Mixed Use
Secondary Sub-Type: Hotel/Motel
Zoning: TCC
Other Sub-Type: Retail
Renovated: Yes
# of Buildings: 1
Year Renovated: 2010
Stories: 2
# of Units: 13
Additional SqFt Source: Owner
Condo: No
Business w/Real Estate: Yes
Lot Size SqFt: 4356
Lot Size Source: Owner
Acres: 0.1
Waterfront: No
Waterview: Yes
Water Body View: Provincetown Harbor
Waterview Type: Bay/Harbor
Residential Units: Yes
Commercial Units: Yes
Total # Comm Units: 13
Industrial Units: No
Property Includes Recording Devices: No
Total Finished Space: 4410
Year Built: 1900
Remarks & Misc
Public Remarks: Mixed Use Commercial Investment Property with Guest House and High Viability Retail Space Now Available For Sale! Branded as ''The Lotus Guesthouse'', the site includes 12 guest suites that were recently renovated. King and Queen bedding compliments the 2 floors of spacious accommodations that are decorated with marble sinks and numerous gas fireplaces. Common areas to the rear are private, allowing guests to retreat to secluded nooks within steps of all of Provincetowns excitement. Views of Provincetown Harbor, Pilgrim Monument and Town Hall are visible from the suites.Located in the TRUE HEART of the downtown business district, the property enjoys tremendous foot and vehicle traffic year round. The vacant 2300 square foot retails space was formerly known as ''BODY BODY'' and has two beautiful display windows that mirror London's Selfridge style, The open floor plan allows for easy retail display and has substantial storage space to the rear of the unit. The property's location, condition, strong financial performance, frontage, signage and reputation make this an absolute must see. Potential Redevelopment to Condos to create Retail as a stand alone! Make you Dream Investment Now!
Directions to Property: Bradford Street to Standish Street, head to water and take right on Commercial, property is right on Commercial Street
Status Change Info
Concessions: No
Estimated Selling Date: 2021-08-31
Sold Price/SqFt: 736.96
SP/AV: 1.95
Under Contract Date: 2021-05-15
Sold Date: 2021-08-18
Sold Price: $3,250,000
Special Listing Cond
None: 1
Lot Features
Level: 1
Basement Description
Cape Cod: 1
Partial: 1
Other: 1
Building/Business
Building Name: Lotus Guest House
Business Operating: Yes
Years Established: 35 Years
Conforming Use: Yes
Present Use
Hotel/Motel: 1
Mixed: 1
Retail: 1
Parking Features
None: 1
Foundation Details
Poured: 1
Beach Description
None: 1
Convenient To
In Town Location: 1
Shopping: 1
Convenient to Water Body 1: Cape Cod Bay
Beach Ownership
None: 1
Floors
Carpet: 1
Hardwood: 1
Laminate: 1
Other: 1
Walls
Sheet Rock: 1
Sewer
Public Sewer: 1
Exterior Features
Out Storage: 1
Rear Entrance: 1
Sign: 1
Building Features
Outdoor Shower: 1
Other: 1
Roof Description
Pitched: 1
Siding Description
Clapboard: 1
Heating
Electric: 1
Other: 1
Cooling
Central Air: 1
Wall Unit(s): 1
Fuel Type
Electric: 1
Propane: 1
Water
Public: 1
Hot Water
Water Heater: 1
Hot Water Source
Oil: 1
Seasonal
Year Round: 1
Property Features
Special Listing Cond: None
Present Use: Hotel/Motel; Mixed; Retail
Lot Features: Level
Parking Features: None
Beach Description: None
Beach Ownership: None
Convenient To: In Town Location; Shopping
Floors: Carpet; Hardwood; Laminate; Other
Walls: Sheet Rock
Foundation Details: Poured
Basement Description: Cape Cod; Partial; Other
Building Features: Outdoor Shower; Other
Roof Description: Pitched
Siding Description: Clapboard
Heating: Electric; Other
Cooling: Central Air; Wall Unit(s)
Fuel Type: Electric; Propane
Water: Public
Hot Water: Water Heater
Hot Water Source: Oil
Seasonal: Year Round
Sewer: Public Sewer
Listing Office:
Premier Commercial
Listing Agent:
John E Ciluzzi
Last Updated: September - 29 - 2024
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