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

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 windows and doors leading to a large deck to enjoy morning coffee, a lazy afternoon or an evening cocktail, while taking in the activities along Commercial Street and Provincetown Bay.

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 tradition of providing quality accommodations to Provincetown visitors from around the world.

More Information MLS# 22105988

Contract Info

List Price/SqFt: 539.86 Start Showing Date: 2021-10-19 Status: Closed Original List Price: 2695000 Sold Price: $2,600,000 Current Price: $2,600,000 List Date: 2021-09-30

Legal and Taxes

Town: Provincetown Village: Provincetown Estimated Annual Taxes: 12225 Building Assessments: 1433400 Other Assessments: 0 Total Assessment: 1805800 Title Reference - Book: 19572-154 Underground Fuel Tank: Unknown Flood Ins Required: Not Verified Lead Base Paint: Unknown Asbestos: Unknown Elevation Certificate: No Mass Use Code: 10 - Multiple Use Property Street #: 378 Street Name: Commercial Street Suffix: Street County: Barnstable State: MA Zip Code: 02657 Tax ID: 12-2-40-0 Tax Year: 2021

General Property Info

Region: Outer Cape Primary Sub-Type: Bed & Breakfast School District: Provincetown Secondary Sub-Type: Hotel/Motel Zoning: TCC Renovated: No # of Buildings: 1 Stories: 2 Field Card SqFt: 4992 # of Units: 13 Additional SqFt Source: Unknown Condo: No Association: 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 Total Finished Space: 4992 Year Built: 1840

Remarks & Misc

Public Remarks: 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 windows and doors leading to a large deck to enjoy morning coffee, a lazy afternoon or an evening cocktail, while taking in the activities along Commercial Street and Provincetown Bay. Directions to Property: Route 6 to Conwell, to Bradford Street, Left on Bradford Street, Right on Pearl Street, Property at corner of Pearl and Commercial

Status Change Info

Concessions: No Estimated Selling Date: 2022-02-14 Sold Price/SqFt: 520.83 SP/AV: 1.44 Under Contract Date: 2021-10-28 Sold Date: 2022-02-04 Sold Price: $2,600,000

Special Listing Cond

None: 1

Lot Features

Corner Lot: 1

Basement Description

Interior Access: 1

Building/Business

Business Name: Somerset House Inn Business Operating: Yes Conforming Use: Yes

Present Use

Hotel/Motel: 1

Parking Features

Off Street: 1

Business Includes

Business Includes Comments: Name, Good will, FF&E Business Name: 1 Equipment: 1 Goodwill: 1

Waterview Direction

South: 1

Foundation Details

Brick/Mortar: 1

Water View Desc

Bay: 1

Beach Description

Bay: 1

Beach Ownership

None: 1

Floors

Carpet: 1 Tile: 1 Wood: 1

Walls

Sheet Rock: 1

Utilities

Cable: 1 Electricity: 1 Gas: 1 High Speed Internet: 1

Sewer

Public Sewer: 1

Exterior Features

Sign: 1

Building Features

Private Yard: 1

Fencing

Fenced: 1

Roof Description

Asphalt: 1

Siding Description

Shingle: 1

Heating

Hot Water: 1

Cooling

Wall Unit(s): 1

Fuel Type

Oil: 1

Water

Public: 1

Hot Water

Water Heater: 1

Hot Water Source

Electric: 1

Seasonal

Year Round: 1

Gas

On Site: 1

Owner Living Qtrs

1 Bedroom: 1

Kitchen

Dishwasher: 1 Gas Stove: 1 Microwave: 1 Refrigerator: 1

Miscellaneous

Deck - All: 1 Patio - All: 1 TV - All: 1

Baths

Full - All: 1

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
Listing Office: William Raveis Real Estate & Home Services
Listing Agent: Robert Tosner
IDX
Last Updated: September - 29 - 2024
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