481 Route 6, Truro, MA 02666 (MLS# 22304115)

481 Route 6, Truro, MA 02666

$2,200,000
Property Type: Commercial Square Footage: 6,426 Lot Size (sq. ft.): 179,903 Status: Closed
Current Price: $2,200,000 List Date: 10/10/2023 Last Modified: 9/29/2024

Overview

Description

landmark, high volume very profitable property located in the town of Truro on Cape Cod MA. Montano's is a well-established, profitable, year-round, full-service restaurant, lovingly maintained and operated by the same family for 35 years. Close proximity to the world renowned and extremely popular Provincetown has ensured a very robust year-round business for the past 35 Years. The restaurant with the capacity to seat 188 customers boasts two large dining rooms, outdoor seating opportunity, a bar with a full liquor license and very adequate parking available in the new parking lot. Other recent upgrades include a new roof, deck, septic system, tables, chairs, cutlery, and kitchen appliances. The property includes a 2-bedroom, 1,400 square foot residential unit usable for workforce housing or owners' quarters.

Listing Details MLS# 22304115

Contract Info

Original List Price
2395000
List Price/SqFt
372.7

Legal and Taxes

Street #
481
Street Name
Route 6
County
Barnstable
Town
Truro
Village
Truro
State
MA
Zip Code
02666
Tax ID
32-31-0
Estimated Annual Taxes
4792
Tax Year
2023
Building Assessments
383800
Other Assessments
9300
Total Assessment
769300
Title Reference - Book
31456
Title Reference - Page
69
Lead Base Paint
Unknown
Flood Ins Required
No
Mass Use Code
12 - Multiple Use Property
Nitrogen Sensitive Area
No

General Property Info

Region
Outer Cape
Sub-Area
South Truro
Primary Sub-Type
Restaurant
School District
Nauset
Zoning
RES
# of Buildings
Yes
Stories
2
Total Finished Space
6426
Field Card SqFt
6426
Condo
No
Year Built
1950
Renovated
Yes
Year Renovated
1994
Business w/Real Estate
Yes
Lot Size SqFt
179903
Lot Size Source
Field Card
Acres
4.13
Golf Course Front
No
Golf Course View
No
Waterfront
No
Waterview
No
Residential Units
Yes
Commercial Units
Yes
Industrial Units
No
Property Includes Recording Devices
No

Status Change Info

Concessions
No
Estimated Selling Date
2024-04-10
Under Contract Date
2023-10-27
Sold Date
2024-03-27
Sold Price/SqFt
342.36
SP/AV
2.86

Business Includes

Business Includes Comments
Inventory not included
Business Name
Yes
DBA - Sole Proprietor
Yes
Equip Inventory Avl
Yes
Equipment
Yes
Goodwill
Yes
Owner Training
Yes

Convenient To

Convenient to Water Body 2
National Seashore
Bike Path
Yes
Cape Cod Rail Trail
Yes
Conservation Area
Yes
Golf Course
Yes
Horse Trail
Yes
House of Worship
Yes
Major Highway
Yes
Marina
Yes
Medical Facility
Yes
School
Yes
Shopping
Yes

More Information

Remarks & Misc

Public Remarks
landmark, high volume very profitable property located in the town of Truro on Cape Cod MA. Montano's is a well-established, profitable, year-round, full-service restaurant, lovingly maintained and operated by the same family for 35 years. Close proximity to the world renowned and extremely popular Provincetown has ensured a very robust year-round business for the past 35 Years. The restaurant with the capacity to seat 188 customers boasts two large dining rooms, outdoor seating opportunity, a bar with a full liquor license and very adequate parking available in the new parking lot. Other recent upgrades include a new roof, deck, septic system, tables, chairs, cutlery, and kitchen appliances. The property includes a 2-bedroom, 1,400 square foot residential unit usable for workforce housing or owners' quarters.
Directions to Property
Rt 6 East to North Truro .Property on Right side.

Special Listing Cond

Broker-Agent/Owner
Yes
Real Estate Owned
Yes

Security Features

Closed Circuit Camera(s)
Yes
Fire Alarm
Yes
Fire Sprinkler System
Yes

Location Description

East of Route 6
Yes

Lot Features

Gentle Sloping
Yes

Basement Description

Full
Yes

Building/Business

Business Name
Montanos Italian restaurant
Years Established
35

Present Use

Restaurant
Yes

Parking Features

Parking Lot
Yes
Paved
Yes

Waterview Direction

East
Yes

Foundation Details

Concrete Perimeter
Yes

Floors

Laminate
Yes

Walls

Paneled
Yes
Wood
Yes

Sewer

Innovative Alternative
Yes
Private Sewer
Yes

Exterior Features

Curb Cuts
Yes
Sign
Yes

Building Features

Handicap Access
Yes

Roof Description

Asphalt
Yes
Flat
Yes

Siding Description

Vertical Siding
Yes

Heating

Electric
Yes
Forced Air
Yes

Cooling

Central Air
Yes

Fuel Type

Electric
Yes
Oil
Yes
Propane
Yes

Water

Public
Yes

Hot Water

Water Heater
Yes

Hot Water Source

Natural Gas
Yes

Property Features

Special Listing Cond: Broker-Agent/Owner; Real Estate Owned Security Features: Closed Circuit Camera(s); Fire Alarm; Fire Sprinkler System Location Description: East of Route 6 Present Use: Restaurant Business Includes: Business Name; DBA - Sole Proprietor; Equip Inventory Avl; Equipment; Goodwill; Owner Training Lot Features: Gentle Sloping Parking Features: Parking Lot; Paved Waterview Direction: East Convenient To: Bike Path; Cape Cod Rail Trail; Conservation Area; Golf Course; Horse Trail; House of Worship; Major Highway; Marina; Medical Facility; School; Shopping Floors: Laminate Walls: Paneled; Wood Foundation Details: Concrete Perimeter Basement Description: Full Building Features: Handicap Access Roof Description: Asphalt; Flat Siding Description: Vertical Siding Heating: Electric; Forced Air Cooling: Central Air Fuel Type: Electric; Oil; Propane Water: Public Hot Water: Water Heater Hot Water Source: Natural Gas Sewer: Innovative Alternative; Private Sewer
IDX
Listing Office: The Realty Advisory Inc.
Listing Agent: Richard Catania
Last Updated: September - 29 - 2024
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