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 ... (Read more)

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 ... (Read more)

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
Other Assessments: 0

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
Business Name: Yes
Equipment: Yes
Goodwill: Yes

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

More Information

Special Listing Cond

None: Yes

Lot Features

Corner Lot: Yes

Basement Description

Interior Access: Yes

Building/Business

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

Present Use

Hotel/Motel: Yes

Parking Features

Off Street: Yes

Waterview Direction

South: Yes

Foundation Details

Brick/Mortar: Yes

Water View Desc

Bay: Yes

Beach Description

Bay: 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

Sewer

Public Sewer: Yes

Exterior Features

Sign: Yes

Building Features

Private Yard: Yes

Fencing

Fenced: Yes

Roof Description

Asphalt: Yes

Siding Description

Shingle: Yes

Heating

Hot Water: Yes

Cooling

Wall Unit(s): Yes

Fuel Type

Oil: Yes

Water

Public: Yes

Hot Water

Water Heater: Yes

Hot Water Source

Electric: Yes

Seasonal

Year Round: Yes

Gas

On Site: Yes

Owner Living Qtrs

1 Bedroom: Yes

Kitchen

Dishwasher: Yes
Gas Stove: Yes
Microwave: Yes
Refrigerator: Yes

Miscellaneous

Deck - All: Yes
Patio - All: Yes
TV - All: Yes

Baths

Full - All: Yes

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

Documents

Lead Paint Disclosure ›

Listing Office: William Raveis Real Estate & Home Services

Listing Agent: Robert Tosner

Last Updated: September - 29 - 2024

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