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

Overview

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.

Listing Details MLS# 21408890

Contract Info

Original List Price
2895000
List Price/SqFt
272.18

Legal and Taxes

Street #
386
Street Name
Commercial
Street Suffix
Street
County
Barnstable
Town
Provincetown
Village
Provincetown
State
MA
Zip Code
02657
Tax ID
12-2-043
Estimated Annual Taxes
14398
Tax Year
2014
Betterment
8767
Title Reference - Book
23587
Title Reference - Page
298
Underground Fuel Tank
Unknown
Lead Base Paint
Unknown
Asbestos
Yes
Flood Ins Required
Not Verified
Mass Use Code
302 - Inn/Resort/Tourist Homes
Building Assessments
0
Other Assessments
0
Total Assessment
0
Land Court Cert #
No

General Property Info

Region
Outer Cape
Primary Sub-Type
Restaurant
Secondary Sub-Type
Bed & Breakfast
Other Sub-Type
Hotel/Motel
School District
Nauset
Zoning
TCC
# of Buildings
4
Stories
3
# of Units
Yes
Total Finished Space
8432
Additional SqFt Source
Owner
Seating Capacity
101 or More
Condo
No
Year Built
1800
Renovated
Yes
Year Renovated
2016
Business w/Real Estate
Yes
Lot Size SqFt
8712
Lot Size Source
Field Card
Acres
0.2
Waterfront
No
Waterview
Yes
Residential Units
No
Commercial Units
Yes
Industrial Units
No
# of Parking Spaces
0
Total # Res Units
0
Total # Comm Units
0

Status Change Info

Concessions
No
Estimated Selling Date
2018-03-31
Under Contract Date
2015-09-24
Sold Date
2017-03-31
Sold Price/SqFt
260.91

Present Use

Present Use Comments
Lic 15 Room Guesthouse/156 seat rest
Hotel/Motel
Yes
Mixed
Yes
Restaurant
Yes
Retail
Yes

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

More Information

Special Listing Cond

Standard
Yes

Basement Description

Cape Cod
Yes

Building/Business

Building Name
Waterford
Business Name
Waterford
Business Operating
Yes
Conforming Use
No

Parking Features

On Street
Yes
Open
Yes

Business Includes

Equip Inventory Avl
Yes
Equipment
Yes

Waterview Direction

South
Yes

Foundation Details

Block
Yes
Brick/Mortar
Yes
Concrete Perimeter
Yes
Crawl Space
Yes

Water View Desc

Bay
Yes
Harbor
Yes

Beach Description

Bay
Yes

Convenient To

Bike Path
Yes
In Town Location
Yes
Marina
Yes
Shopping
Yes

Beach Ownership

Public
Yes
None
Yes

Floors

Tile
Yes
Wood
Yes

Walls

Plaster
Yes
Sheet Rock
Yes

Utilities

Cable
Yes
Electricity
Yes
High Speed Internet
Yes
Telephone
Yes

Sewer

Public Sewer
Yes

Building Const

Wood Frame
Yes

Exterior Features

Display Window
Yes
Sign
Yes

Roof Description

Asphalt
Yes
Membrane
Yes
Pitched
Yes
Shingle
Yes
Widow's Walk
Yes
Wood
Yes

Siding Description

Clapboard
Yes
Shingle
Yes

Heating

Electric
Yes
Hot Water
Yes

Cooling

Other
Yes

Fuel Type

Electric
Yes
Oil
Yes
Propane
Yes

Water

Public
Yes

Hot Water

Tankless Water Heater
Yes
Other
Yes

Hot Water Source

Oil
Yes
Propane Gas
Yes

Seasonal

Year Round
Yes

Gas

No Gas
Yes

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
IDX
Listing Office: Atlantic Bay Sotheby's Int'l R
Listing Agent: David M Nicolau
Last Updated: September - 29 - 2024
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