437 Commercial Street, Provincetown, MA 02657 (MLS# 22007997)
437 Commercial Street, Provincetown, MA 02657
$3,500,000
Property Type:
Commercial
Square Footage:
5,775
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$3,500,000
List Date:
1/22/2021
Last Modified:
9/29/2024
Description
Welcome to Poor Richard's Landing, a very rare offering on the waterfront in Provincetown's East End gallery district. The property comprised of four buildings, including two wharves, embodies a deep and rich history in Provincetown as a gathering place for artists and writers over the past century including Eugene O'Neill, Sinclair Lewis, Tennessee Williams and Michael Cunningham, to name a few. There are eleven residential units (8 seasonal and 3 year-round) plus 2 gallery spaces. The units reflect the property's history with abundant rustic character, including exposed beams, original wood floor, barnboard walls, and multi paned windows with water views all around. The wharf cottages, as the accommodations are called, are immaculately kept by the present ownership, and the property operates as a predominantly successful seasonal lodging establishment. The street side building has a commercial rental (gallery) on the first floor, and two year-round apartments above it, one a 2BR, and one a 1BR. A second gallery space is currently vacant, and has another year-round 1BR in the same building. The east wharf was raised and the piers fortified a few years ago, and
Supplements: the owners have a building permit in hand for the new owners to raise and rebuild the west wharf to FEMA standards. This special property awaits its next steward to continue and preserve its history as a magical destination and an art world landmark.
More Information MLS# 22007997
Contract Info
List Price/SqFt: 691.77
Status: Closed
Original List Price: 3995000
Sold Price: $3,500,000
Current Price: $3,500,000
List Date: 2020-11-27
Legal and Taxes
Town: Provincetown
Village: Provincetown
Estimated Annual Taxes: 15252
Building Assessments: 867300
Other Assessments: 0
Total Assessment: 2117700
Betterment: 2680.54
Title Reference - Book: 31614-110
Flood Ins Required: Yes: verify w/insurance agent
Lead Base Paint: Unknown
Mass Use Code: 13 - Multiuse, predominantly residential
Street #: 437
Street Name: Commercial
Street Suffix: Street
County: Barnstable
State: MA
Zip Code: 02657
Tax ID: 12-4-17-0
Tax Year: 2021
General Property Info
Region: Outer Cape
Primary Sub-Type: Mixed Use
Secondary Sub-Type: Bed & Breakfast
Zoning: R3
Renovated: No
# of Buildings: 4
Stories: 2
# of Units: 13
Condo: No
Business w/Real Estate: Yes
Lot Size SqFt: 5227
Lot Size Source: Assessor
Acres: 0.12
Waterfront: Yes
Water Body: Cape Cod Bay
Waterfront Type: Bay/Harbor
Waterview: Yes
Water Body View: Cape Cod Bay
Waterview Type: Bay/Harbor
Residential Units: Yes
Total # Res Units: 11
Commercial Units: Yes
Total # Comm Units: 2
Industrial Units: No
Total # Industrial Units: 0
Property Includes Recording Devices: No
Total Finished Space: 5775
Year Built: 1850
Remarks & Misc
Public Remarks: Welcome to Poor Richard's Landing, a very rare offering on the waterfront in Provincetown's East End gallery district. The property comprised of four buildings, including two wharves, embodies a deep and rich history in Provincetown as a gathering place for artists and writers over the past century including Eugene O'Neill, Sinclair Lewis, Tennessee Williams and Michael Cunningham, to name a few. There are eleven residential units (8 seasonal and 3 year-round) plus 2 gallery spaces. The units reflect the property's history with abundant rustic character, including exposed beams, original wood floor, barnboard walls, and multi paned windows with water views all around. The wharf cottages, as the accommodations are called, are immaculately kept by the present ownership, and the property operates as a predominantly successful seasonal lodging establishment. The street side building has a commercial rental (gallery) on the first floor, and two year-round apartments above it, one a 2BR, and one a 1BR. A second gallery space is currently vacant, and has another year-round 1BR in the same building. The east wharf was raised and the piers fortified a few years ago, and
Directions to Property: Commercial Street to 437-439 in the East End Gallery District.
Status Change Info
Concessions: No
Estimated Selling Date: 2021-04-30
Sold Price/SqFt: 606.06
SP/AV: 1.65
Under Contract Date: 2021-03-24
Sold Date: 2021-05-07
Sold Price: $3,500,000
Special Listing Cond
None: 1
Basement Description
Cape Cod: 1
Building/Business
Business Name: Poor Richard's Landing
Business Operating: Yes
Present Use
Combination: 1
Hotel/Motel: 1
Retail: 1
Parking Features
None: 1
Business Includes
Business Name: 1
Waterfront Desc
Bay: 1
Harbor: 1
Foundation Details
Brick/Mortar: 1
Piers: 1
Water View Desc
Bay: 1
Harbor: 1
Beach Description
Bay: 1
Harbor: 1
Convenient To
In Town Location: 1
Shopping: 1
Beach Ownership
Deeded Rights: 1
Floors
Hardwood: 1
Walls
Wood: 1
Sewer
Public Sewer: 1
Building Features
Outdoor Shower: 1
None: 1
Roof Description
Asphalt: 1
Shingle: 1
Siding Description
Shingle: 1
Heating
Hot Water: 1
None: 1
Cooling
Wall Unit(s): 1
None: 1
Fuel Type
Propane: 1
Water
Public: 1
Hot Water
Water Heater: 1
Hot Water Source
Electric: 1
Propane Gas: 1
Commercial Unit 1
Occupancy: Occupied
Type: Retail
Commercial Unit 2
Occupancy: Vacant
Type: Retail
Property Features
Special Listing Cond: None
Present Use: Combination; Hotel/Motel; Retail
Business Includes: Business Name
Parking Features: None
Waterfront Desc: Bay; Harbor
Water View Desc: Bay; Harbor
Beach Description: Bay; Harbor
Beach Ownership: Deeded Rights
Convenient To: In Town Location; Shopping
Floors: Hardwood
Walls: Wood
Foundation Details: Brick/Mortar; Piers
Basement Description: Cape Cod
Building Features: Outdoor Shower; None
Roof Description: Asphalt; Shingle
Siding Description: Shingle
Heating: Hot Water; None
Cooling: Wall Unit(s); None
Fuel Type: Propane
Water: Public
Hot Water: Water Heater
Hot Water Source: Electric; Propane Gas
Sewer: Public Sewer
Documents
Chapter 91 License ›
Listing Office:
Gibson Sotheby's International Realty
Listing Agent:
Emily Flax
Last Updated: September - 29 - 2024
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