539 Commercial Street Unit 1, Provincetown, MA 02657 (MLS# 22503508)

539 Commercial Street Unit 1, Provincetown, MA 02657

$2,275,000
Property Type: Commercial Square Footage: 3,618 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $2,275,000 List Date: 7/19/2025 Last Modified: 11/03/2025

Overview

Description

Exciting opportunity to purchase one of Provincetown's most beloved and popular waterfront restaurants. Operated year-round and owned by the current owner for 25 years, this full service establishment is licensed for 126 seats with a full bar. With a total area of approximately 3,618 sq. ft., including the basement storage, the establishment features three distinct dining rooms. These include a 50-seat room situated directly on the water, another 26-seat area in the bar room, and a street-front room accommodating 50 seats. Nestled in the stable and well-run condominium association of Provincetown's East End, this immaculately maintained and spotlessly clean restaurant comes with exclusive rights to use nine valuable parking spaces on the property. However, it's important to note that this offering does not include the right to use the name ''Fanizzi's.'' Seller welcomes offers with requests for buyer concessions.

Listing Details MLS# 22503508

Contract Info

Original List Price
2650000
List Price/SqFt
628.8

Legal and Taxes

Street #
539
Street Name
Commercial
Street Suffix
Street
Unit #
Unit 1
County
Barnstable
Town
Provincetown
Village
Provincetown
State
MA
Zip Code
02657
Tax ID
15-1-005-0-001
Estimated Annual Taxes
8027.26
Tax Year
2025
Building Assessments
1154800
Other Assessments
800
Total Assessment
1155600
Title Reference - Page
249
Underground Fuel Tank
No
Lead Base Paint
Unknown
Asbestos
Unknown
Flood Ins Required
Yes: verify w/insurance agent
Mass Use Code
10 - Multiple Use Property
Nitrogen Sensitive Area
No

General Property Info

Region
Outer Cape
Primary Sub-Type
Restaurant
Secondary Sub-Type
Condominium
School District
Provincetown
Zoning
R3
# of Buildings
Yes
Stories
3
# of Units
7
Total Finished Space
3618
Field Card SqFt
3618
Additional SqFt Source
Appraiser
Seating Capacity
101 or More
Condo
Yes
Association
Yes
Fee Amount
2244.41
Fee Frequency
Monthly
Year Built
1900
Renovated
Yes
Business w/Real Estate
No
Lot Size SqFt
6098
Lot Size Source
Assessor
Acres
0.14
# of Parking Spaces
9
Golf Course Front
No
Golf Course View
No
Waterfront
Yes
Water Body
Provincetown Harbor
Waterfront Type
Bay/Harbor
Water Body Type
Salt
Water Access Type
Public
Waterview
Yes
Water Body View
Provincetown Harbor
Waterview Type
Bay/Harbor
Residential Units
Yes
Total # Res Units
6
Commercial Units
Yes
Total # Comm Units
Yes
Industrial Units
No
Property Includes Recording Devices
Yes
Device Records
Video
Year Renovated
0
Total # Industrial Units
0

Convenient To

Convenient to Water Body 2
Provincetown Harbor
Marina
Yes

Remarks & Misc

Public Remarks
Exciting opportunity to purchase one of Provincetown's most beloved and popular waterfront restaurants. Operated year-round and owned by the current owner for 25 years, this full service establishment is licensed for 126 seats with a full bar. With a total area of approximately 3,618 sq. ft., including the basement storage, the establishment features three distinct dining rooms. These include a 50-seat room situated directly on the water, another 26-seat area in the bar room, and a street-front room accommodating 50 seats. Nestled in the stable and well-run condominium association of Provincetown's East End, this immaculately maintained and spotlessly clean restaurant comes with exclusive rights to use nine valuable parking spaces on the property. However, it's important to note that this offering does not include the right to use the name ''Fanizzi's.'' Seller welcomes offers with requests for buyer concessions.
Directions to Property
Travel E on Commercial Street from the beginning. Building on your left between Allerton and Atkins.

Special Listing Cond

None
Yes

More Information

Basement Description

Partial
Yes
Other
Yes

Present Use

Restaurant
Yes

Parking Features

Assigned
Yes

Foundation Details

Brick/Mortar
Yes
Pilings
Yes

Water View Desc

Bay
Yes
Marina
Yes

Floors

Carpet
Yes
Wood
Yes

Walls

Sheet Rock
Yes
Wood
Yes

Utilities

Cable
Yes
Electricity
Yes
High Speed Internet
Yes

Sewer

Public Sewer
Yes

Building Features

Other
Yes

Roof Description

Asphalt
Yes
Flat
Yes
Pitched
Yes

Siding Description

Shingle
Yes

Heating

Hot Water
Yes

Cooling

Other
Yes

Fuel Type

Propane
Yes

Water

Public
Yes

Hot Water

Tankless Water Heater
Yes

Hot Water Source

Propane Gas
Yes

Seasonal

Year Round
Yes

Property Features

Special Listing Cond: None Present Use: Restaurant Parking Features: Assigned Water View Desc: Bay; Marina Convenient To: Marina Floors: Carpet; Wood Walls: Sheet Rock; Wood Foundation Details: Brick/Mortar; Pilings Basement Description: Partial; Other Building Features: Other Roof Description: Asphalt; Flat; Pitched Siding Description: Shingle Heating: Hot Water Cooling: Other Fuel Type: Propane Water: Public Hot Water: Tankless Water Heater Hot Water Source: Propane Gas Seasonal: Year Round Utilities: Cable; Electricity; High Speed Internet Sewer: Public Sewer
IDX
Listing Office: Gibson Sotheby's International Realty
Listing Agent: Iskren ''Isi'' Georgiev
Last Updated: November - 03 - 2025
Broker Attribution: 7742125532

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