Mixed-Use Condos with
1-3-374 Commercial St Provincetown, MA 02657
1-3-374 Commercial St, Provincetown, MA, 02657
$1,549,000
For Sale
$1,549,000
Three-condo mixed-use property with two street-level commercial units and a two-bedroom upper residential unit.
Property Size2,540 SF
Price / SF$609.84
Days on Market135
Property Features for 1-3-374 Commercial St
General Information
- Standard status
- Active
- Size
- 2,540 SF
Listing agency
Kinlin Grover Compass Commercial
(508) 255-1295
Listed by
Nat Santoro · License #141467
(508) 255-1295
Source
Exprealty
Added: Mar 9 Updated: Jul 21 at 2:07AM Checked: Jul 21 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kinlin Grover Compass Commercial
Investment Insights
Based on property information with market context.
This mixed-use property features three condo units in a combined retail and residential setup. There are two commercial condos on the lower and main levels, along with a two-bedroom residential unit on the upper level. The residential unit has been rented seasonally and is presently available. Total living space is stated as 2,540 square feet, and the field card is noted as incorrect on square footage.
The property is located at 1-3-374 Commercial St in Provincetown, MA. With commercial space on the lower and main levels and residential space above, the building supports a flexible owner-occupant or investor configuration.
Offered for sale, this is a condo-style arrangement that can suit multiple use and occupancy approaches based on the existing unit mix.
The property is located at 1-3-374 Commercial St in Provincetown, MA. With commercial space on the lower and main levels and residential space above, the building supports a flexible owner-occupant or investor configuration.
Offered for sale, this is a condo-style arrangement that can suit multiple use and occupancy approaches based on the existing unit mix.
Key Highlights
- Three‑condo mixed‑use property with two street‑level commercial units and one upper two‑bedroom residential unit
- Total living space is 2,540 SF
- Residential unit has been rented seasonally and is presently available
Local Financial Insights For Retail
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 | $76.2k | $30.00 |
| − Vacancy | −$1.7k | −$0.66 |
| EGI | $74.5k | $29.34 |
| − OpEx | −$22.4k | −$8.80 |
| NOI | $52.2k | $20.54 |
2,540 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$745.2K
$652.1K – $869.5K
NOI $52,167 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$727.1K
$636.2K – $848.3K
NOI $50,897 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.04M
$905.7K – $1.21M
NOI $72,455 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - Three-condo mixed-use property with two street-level commercial units and a two-bedroom upper residential unit.
Where is this short term rental property located?
The property is located at 1-3-374 Commercial St 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: Three‑condo mixed‑use property with two street‑level commercial units and one upper two‑bedroom residential unit; Total living space is 2,540 SF; Residential unit has been rented seasonally and is presently available
