336 Commercial Street 1, Provincetown, MA 02657 (MLS# 21609446)

336 Commercial Street 1, Provincetown, MA 02657

$2,650,000

Property Type: Commercial Square Footage: 15,491 Lot Size (sq. ft.): 19,166 Status: Closed

Current Price: $2,650,000 List Date: 10/29/2016 Last Modified: 9/29/2024

Overview

Description

Award winning Sage Inn and Lounge is a centrally-located, year-round Provincetown boutique hotel, intimate Lounge offering farm-to-table cuisine and event venue creating weddings & meetings with flair. The inn has 19 newly renovated & nicely appointed rooms, each with AC and individual climate control, flat screen TVs, private baths, and offering a variety of bed sizes & room types. The lounge offers a trendy and comfortable atmosphere in which patrons can relax, drink fine wines & herb-infused cocktails and dine on creative small plates that showcase ingredients from Sage's own on-site herb wall & local producers from throughout the region. The third prong of the business is a wonderful event space, in which to host weddings, meetings, fundraisers & all types of gatherings. Sage

Supplements: is proudly a green leader,with solar panels & electric car charging stations. Also has elevator. Strong financials are available to pre-qualified buyers, and there is even room for growth! Great business oppty

Listing Details MLS# 21609446

Contract Info

Original List Price: 2925000
List Price/SqFt: 188.82

Legal and Taxes

Street #: 336
Street Modifier: R
Street Name: Commercial
Street Suffix: Street
Unit #: Yes
County: Barnstable
Town: Provincetown
Village: Provincetown
State: MA
Zip Code: 02657
Tax ID: 12-1-142-1-001
Estimated Annual Taxes: 12339
Tax Year: 2017
Building Assessments: 1512800
Total Assessment: 1512800
Betterment: 26000
Title Reference - Book: 25356
Title Reference - Page: 72
Lead Base Paint: No
Flood Ins Required: Not Verified
Elevation Certificate: No
Mass Use Code: 300 - Hotel

General Property Info

Region: Outer Cape
Primary Sub-Type: Hotel/Motel
Secondary Sub-Type: Restaurant
Other Sub-Type: Business w/Real Est
Zoning: TCC
# of Buildings: Yes
Stories: 3
# of Units: 19
Total Finished Space: 15491
Additional SqFt Source: Unit Plan
Seating Capacity: 101 or More
Condo: Yes
Association: Yes
Year Built: 1990
Business w/Real Estate: Yes
Lot Size SqFt: 19166
Lot Size Source: Field Card
Acres: 0.44
# of Parking Spaces: 5
Waterfront: No
Waterview: No
Residential Units: Yes
Total # Res Units: 19
Commercial Units: Yes
Total # Comm Units: Yes
Industrial Units: No

Status Change Info

Concessions: No
Estimated Selling Date: 2017-04-10
Under Contract Date: 2017-03-29
Sold Date: 2017-04-18
Sold Price/SqFt: 171.07
SP/AV: 1.75

Business Includes

Business Includes Comments: Artwork is excluded.
Business Name: Yes
Equip Inventory Avl: Yes
Equipment: Yes
Goodwill: Yes

Remarks & Misc

Public Remarks: Award winning Sage Inn and Lounge is a centrally-located, year-round Provincetown boutique hotel, intimate Lounge offering farm-to-table cuisine and event venue creating weddings & meetings with flair. The inn has 19 newly renovated & nicely appointed rooms, each with AC and individual climate control, flat screen TVs, private baths, and offering a variety of bed sizes & room types. The lounge offers a trendy and comfortable atmosphere in which patrons can relax, drink fine wines & herb-infused cocktails and dine on creative small plates that showcase ingredients from Sage's own on-site herb wall & local producers from throughout the region. The third prong of the business is a wonderful event space, in which to host weddings, meetings, fundraisers & all types of gatherings. Sage
Directions to Property: Commercial Street east to 336 on the right. Located between Freeman and Commercial.

More Information

Special Listing Cond

Standard: Yes

Basement Description

Full: Yes
Interior Access: Yes

Building/Business

Building Name: Sage Inn and Lounge
Business Operating: Yes
Years Established: 5
Conforming Use: Yes

Present Use

Hotel/Motel: Yes
Mixed: Yes
Restaurant: Yes

Parking Features

Assigned: Yes
Driveway: Yes

Foundation Details

Concrete Perimeter: Yes

Beach Description

Bay: Yes
Harbor: Yes
None: Yes

Convenient To

In Town Location: Yes
Marina: Yes
Shopping: Yes

Beach Ownership

None: Yes

Floors

Carpet: Yes
Tile: Yes
Wood: Yes

Walls

Sheet Rock: Yes

Utilities

Cable: Yes
Electricity: Yes
Gas: Yes
High Speed Internet: Yes
Telephone: Yes

Sewer

Public Sewer: Yes

Building Const

Pre-cast Concrete: Yes
Wood Frame: Yes

Exterior Features

Out Storage: Yes
Rear Entrance: Yes
Sign: Yes

Building Features

Handicap Access: Yes
Private Yard: Yes

Roof Description

Asphalt: Yes
Pitched: Yes

Siding Description

Aluminum Siding: Yes
Vinyl Siding: Yes
Other - See Remarks: Yes

Heating

Hot Water: Yes
Other: Yes

Cooling

Wall Unit(s): Yes

Fuel Type

Propane: Yes

Water

Public: Yes

Hot Water

Water Heater: Yes

Hot Water Source

Propane Gas: Yes

Seasonal

Year Round: Yes

Gas

On Site: Yes

Miscellaneous

Handicap Eqp'd - Some: Yes
TV - All: Yes

Laundry

Dryer - Electric: Yes
Washer: Yes

Property Features

Special Listing Cond: Standard Present Use: Hotel/Motel; Mixed; Restaurant Business Includes: Business Name; Equip Inventory Avl; Equipment; Goodwill Parking Features: Assigned; Driveway Beach Description: Bay; Harbor; None Beach Ownership: None Convenient To: In Town Location; Marina; Shopping Floors: Carpet; Tile; Wood Walls: Sheet Rock Foundation Details: Concrete Perimeter Basement Description: Full; Interior Access Building Const: Pre-cast Concrete; Wood Frame Building Features: Handicap Access; Private Yard Roof Description: Asphalt; Pitched Siding Description: Aluminum Siding; Vinyl Siding; Other - See Remarks Heating: Hot Water; Other Cooling: Wall Unit(s) Fuel Type: Propane Water: Public Hot Water: Water Heater Hot Water Source: Propane Gas Seasonal: Year Round Utilities: Cable; Electricity; Gas; High Speed Internet; Telephone Sewer: Public Sewer Gas: On Site Miscellaneous: Handicap Eqp'd - Some; TV - All Laundry: Dryer - Electric; Washer

Listing Office: Atlantic Bay Sotheby's Int'l R

Listing Agent: Emily Flax

Last Updated: September - 29 - 2024

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

336 Commercial Street 1, Provincetown, MA 02657 (MLS# 21609446)