378 Commercial Street, Provincetown, MA 02657 (MLS# 22105988)

378 Commercial Street, Provincetown, MA 02657

$2,600,000
Property Type: Commercial Square Footage: 4,992 Lot Size (sq. ft.): 5,140 Status: Closed
Current Price: $2,600,000 List Date: 10/19/2021 Last Modified: 9/29/2024

Overview

Description

As colorful on the inside as it is on the outside, The Somerset House Inn, is a stand-out property on Provincetown's Commercial Street. In the heart of the gallery district, and set back from the street, the large front deck and beautiful gardens create an inviting oasis. The property offers 12 well-appointed guest rooms, comfortable common areas, on-site parking, ample space for owners and staff. Under current ownership for the last 16 years, the inn provides many fine amenities through a wide array of rooms. All rooms have: private baths, individually controlled a/c and heat, mini refrigerators, TV's, WIFI access, and quality bedding. Select rooms are oversized with seating areas, some have views of the bay, monument or townscape and fireplace rooms are a favorite in the cooler months. The fully renovated kitchen enables the preparation of a wonderful breakfast experience or special occasion event for guests. The common spaces are inviting - a lounge like living room with oversized w ...

Supplements: The innkeepers are able to retreat to their own living area, with private bath, after a busy day of hosting. There are also bonus areas that have been traditionally used for in-house staff and 3 onsite parking spaces, with others leased nearby. This architectural gem is a very special property that awaits it next stewards to continue the long tradi ...

Listing Details MLS# 22105988

Contract Info

Original List Price
2695000
List Price/SqFt
539.86
Start Showing Date
2021-10-19

Legal and Taxes

Street #
378
Street Name
Commercial
Street Suffix
Street
County
Barnstable
Town
Provincetown
Village
Provincetown
State
MA
Zip Code
02657
Tax ID
12-2-40-0
Estimated Annual Taxes
12225
Tax Year
2021
Building Assessments
1433400
Total Assessment
1805800
Title Reference - Book
19572-154
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

General Property Info

Region
Outer Cape
Primary Sub-Type
Bed & Breakfast
Secondary Sub-Type
Hotel/Motel
School District
Provincetown
Zoning
TCC
# of Buildings
Yes
Stories
2
# of Units
13
Total Finished Space
4992
Field Card SqFt
4992
Additional SqFt Source
Unknown
Condo
No
Association
No
Year Built
1840
Renovated
No
Business w/Real Estate
Yes
Lot Size SqFt
5140
Lot Size Source
Field Card
Acres
0.12
Waterfront
No
Waterview
Yes
Water Body View
Provincetown Harbor
Waterview Type
Bay/Harbor
Residential Units
Yes
Total # Res Units
13
Commercial Units
No
Industrial Units
No
Property Includes Recording Devices
No

Status Change Info

Concessions
No
Estimated Selling Date
2022-02-14
Under Contract Date
2021-10-28
Sold Date
2022-02-04
Sold Price/SqFt
520.83
SP/AV
1.44

Business Includes

Business Includes Comments
Name, Good will, FF&E

More Information

Property Features

Special Listing Cond: None Present Use: Hotel/Motel Business Includes: Business Name; Equipment; Goodwill Lot Features: Corner Lot Parking Features: Off Street Waterview Direction: South Water View Desc: Bay Beach Description: Bay Beach Ownership: None Floors: Carpet; Tile; Wood Walls: Sheet Rock Foundation Details: Brick/Mortar Basement Description: Interior Access Building Features: Private Yard Fencing: Fenced Roof Description: Asphalt Siding Description: Shingle Heating: Hot Water Cooling: Wall Unit(s) Fuel Type: Oil Water: Public Hot Water: Water Heater Hot Water Source: Electric Seasonal: Year Round Utilities: Cable; Electricity; Gas; High Speed Internet Sewer: Public Sewer Gas: On Site Owner Living Qtrs: 1 Bedroom Miscellaneous: Deck - All; Patio - All; TV - All Kitchen: Dishwasher; Gas Stove; Microwave; Refrigerator Baths: Full - All
IDX
Listing Office: William Raveis Real Estate & Home Services
Listing Agent: Robert Tosner
Source MLS Verified
Last Updated: September - 29 - 2024
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