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

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

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

More Information

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
Source MLS Verified
Last Updated: September - 29 - 2024
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