386 Commercial Street, Provincetown, MA 02657 (MLS# 21408890)
386 Commercial Street, Provincetown, MA 02657
$2,200,000
Property Type:
Commercial
Square Footage:
8,432
Lot Size (sq. ft.):
8,712
Status:
Closed
Current Price:
$2,200,000
List Date:
9/16/2015
Last Modified:
9/29/2024
Description
Located on Commercial Street's near East End, this multi-use complex offers an incredible investment opportunity. A 14 room Guesthouse with impressive occupancy rates is sited to the rear of the property and invites visitors to experience the warmth and charm of a traditional Provincetown B & B. A 145 seat restaurant with interior and exterior patio seating, overlooks Commercial Street and offers diners an al fresco experience with a European feel. The upstairs bar and dining area provides a birds eye view of the waterfront and streetscape. A separate retail shop associated with the complex can be used on its own or as an adjunct to the restaurant. Multiple income centers make this property the perfect choice for continued success in this ideal location. Financials available to
Supplements: qualified Buyers w/ a signed confidentiality agreement.
More Information MLS# 21408890
Contract Info
List Price/SqFt: 272.18
Status: Closed
Original List Price: 2895000
Sold Price: $2,200,000
Current Price: $2,200,000
List Date: 2014-09-17
Legal and Taxes
Town: Provincetown
Village: Provincetown
Estimated Annual Taxes: 14398
Building Assessments: 0
Other Assessments: 0
Total Assessment: 0
Betterment: 8767
Title Reference - Book: 23587
Title Reference - Page: 298
Land Court Cert #: 0
Underground Fuel Tank: Unknown
Flood Ins Required: Not Verified
Lead Base Paint: Unknown
Asbestos: Yes
Mass Use Code: 302 - Inn/Resort/Tourist Homes
Street #: 386
Street Name: Commercial
Street Suffix: Street
County: Barnstable
State: MA
Zip Code: 02657
Tax ID: 12-2-043
Tax Year: 2014
General Property Info
Region: Outer Cape
Primary Sub-Type: Restaurant
School District: Nauset
Secondary Sub-Type: Bed & Breakfast
Zoning: TCC
Other Sub-Type: Hotel/Motel
Renovated: Yes
# of Buildings: 4
Year Renovated: 2016
Stories: 3
# of Units: 1
Additional SqFt Source: Owner
Seating Capacity: 101 or More
Condo: No
Business w/Real Estate: Yes
Lot Size SqFt: 8712
Lot Size Source: Field Card
Acres: 0.2
# of Parking Spaces: 0
Waterfront: No
Waterview: Yes
Residential Units: No
Total # Res Units: 0
Commercial Units: Yes
Total # Comm Units: 0
Industrial Units: No
Total Finished Space: 8432
Year Built: 1800
Remarks & Misc
Public Remarks: Located on Commercial Street's near East End, this multi-use complex offers an incredible investment opportunity. A 14 room Guesthouse with impressive occupancy rates is sited to the rear of the property and invites visitors to experience the warmth and charm of a traditional Provincetown B & B. A 145 seat restaurant with interior and exterior patio seating, overlooks Commercial Street and offers diners an al fresco experience with a European feel. The upstairs bar and dining area provides a birds eye view of the waterfront and streetscape. A separate retail shop associated with the complex can be used on its own or as an adjunct to the restaurant. Multiple income centers make this property the perfect choice for continued success in this ideal location. Financials available to
Directions to Property: Travel E on Route 6. Take left on Snall Rd and follow to Bradford. Take left on Bangs Street and right on Commercial. Property is will be on your right had side. Park anywhere on the street
Status Change Info
Concessions: No
Estimated Selling Date: 2018-03-31
Sold Price/SqFt: 260.91
Under Contract Date: 2015-09-24
Sold Date: 2017-03-31
Sold Price: $2,200,000
Special Listing Cond
Standard: 1
Basement Description
Cape Cod: 1
Building/Business
Building Name: Waterford
Business Name: Waterford
Business Operating: Yes
Conforming Use: No
Present Use
Hotel/Motel: 1
Mixed: 1
Restaurant: 1
Retail: 1
Present Use Comments: Lic 15 Room Guesthouse/156 seat rest
Parking Features
On Street: 1
Open: 1
Business Includes
Equip Inventory Avl: 1
Equipment: 1
Waterview Direction
South: 1
Foundation Details
Block: 1
Brick/Mortar: 1
Concrete Perimeter: 1
Crawl Space: 1
Water View Desc
Bay: 1
Harbor: 1
Beach Description
Bay: 1
Convenient To
Bike Path: 1
In Town Location: 1
Marina: 1
Shopping: 1
Beach Ownership
Public: 1
None: 1
Floors
Tile: 1
Wood: 1
Walls
Plaster: 1
Sheet Rock: 1
Utilities
Cable: 1
Electricity: 1
High Speed Internet: 1
Telephone: 1
Sewer
Public Sewer: 1
Building Const
Wood Frame: 1
Exterior Features
Display Window: 1
Sign: 1
Roof Description
Asphalt: 1
Membrane: 1
Pitched: 1
Shingle: 1
Widow's Walk: 1
Wood: 1
Siding Description
Clapboard: 1
Shingle: 1
Heating
Electric: 1
Hot Water: 1
Cooling
Other: 1
Fuel Type
Electric: 1
Oil: 1
Propane: 1
Water
Public: 1
Hot Water
Tankless Water Heater: 1
Other: 1
Hot Water Source
Oil: 1
Propane Gas: 1
Seasonal
Year Round: 1
Gas
No Gas: 1
Property Features
Special Listing Cond: Standard
Present Use: Hotel/Motel; Mixed; Restaurant; Retail
Business Includes: Equip Inventory Avl; Equipment
Parking Features: On Street; Open
Waterview Direction: South
Water View Desc: Bay; Harbor
Beach Description: Bay
Beach Ownership: Public; None
Convenient To: Bike Path; In Town Location; Marina; Shopping
Floors: Tile; Wood
Walls: Plaster; Sheet Rock
Foundation Details: Block; Brick/Mortar; Concrete Perimeter; Crawl Space
Basement Description: Cape Cod
Building Const: Wood Frame
Roof Description: Asphalt; Membrane; Pitched; Shingle; Widow's Walk; Wood
Siding Description: Clapboard; Shingle
Heating: Electric; Hot Water
Cooling: Other
Fuel Type: Electric; Oil; Propane
Water: Public
Hot Water: Tankless Water Heater; Other
Hot Water Source: Oil; Propane Gas
Seasonal: Year Round
Utilities: Cable; Electricity; High Speed Internet; Telephone
Sewer: Public Sewer
Gas: No Gas
Listing Office:
Atlantic Bay Sotheby's Int'l R
Listing Agent:
David M Nicolau
Last Updated: September - 29 - 2024
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