Back to Search
Mixed-Use Condo with Seasonal Rental

374 Commercial Street Provincetown, MA 02657

374 Commercial Street, Provincetown, MA, 02657
$1,549,000
For Sale
Claim this Listing
$1,549,000

COMMERCIAL - Provincetown, MA

Property Size3,397 SF
Lot Size0.05 Acres
Price / SF$455.99
AddedJan 31
Days on Market165
Last RefreshJul 15 at 10:06 am

Property Features for 374 Commercial Street

General Information

Property type
Commercial Sale
Property subtype
Office
Basement
Finished, Full
Appliances
Water Heater
Standard status
Active
APN
PROV M:12-2 P:27 E:1-001
Size
3,397 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
1805

Utilities

Sewer type
Public Sewer
Heating system
Oil
Water source
Public

Building Details

Year built
1840
Floors in Building
3
Number of units
1
Flooring type
Hardwood, Carpet
Building materials
Clapboard
Roof type
Shingle

Listing agent Nat S Santoro License #141467

Listing office Kinlin Grover Compass 32 Main Street Commercial Office, Plymouth, MA

Listing date Jan 31, 2026

MLS# 22600277

Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale mixed-use condo building contains three individual condos: two commercial units located on the lower and main level, plus a two-bedroom residential unit on the upper level. The residential unit has been rented seasonally and is presently available.

The listing is for 374 Commercial Street in Provincetown, Massachusetts (Barnstable County). The total living space is reported as 2,540 square feet, though the field card square footage is noted as incorrect.

Key Highlights

  • Rare Provincetown property with mixed‑use potential.
  • Includes 2 commercial condos and a 2‑bedroom residential unit.
  • Substantial total living space of 2540 sq ft.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $119.0k $35.04
− Vacancy −$23.8k −$7.01
EGI $95.2k $28.03
− OpEx −$23.8k −$7.01
NOI $71.4k $21.02
3,397 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.02M
$892.7K – $1.19M (±1% cap)
NOI $71,419 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$972.4K
$850.9K – $1.13M (±1% cap)
NOI $68,070 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.38M
$1.21M – $1.62M (±1% cap)
NOI $96,901 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Michael Hall Real ... Real Estate Agency Kinlin Grover Compass ... Real Estate Agency Kinlin Grover Compass ... Vacation Rental Botanica (Bike/Boat/Book/etc) Store Brett E. Holmes, ... Real Estate Agency

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Auto Repair Shop Electrical Service Butcher (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Plumbing Service Tattoo & Piercing Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Three-condo mixed-use configuration with two commercial units on the lower/main level and a two-bedroom upper unit.
Where is this office units located?
The property is located at 374 Commercial Street Provincetown, MA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Rare Provincetown property with mixed‑use potential.; Includes **2 commercial condos and a 2‑bedroom residential unit**.; Substantial total living space of 2540 sq ft.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message