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294 Commercial St Provincetown, MA 02657

For Sale
Contact for pricing

Prime Commercial & Residential Investment

Property size:
5,443 SF

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional Provincetown property presents a rare investment opportunity, boasting a combined 10 bedrooms and 6 bathrooms across two mixed-use buildings. Located in the heart of Provincetown's bustling downtown commercial district, this property offers a unique blend of commercial and residential income streams. The first building features approximately 1,500 square feet of ground-floor retail space, successfully occupied for over 36 years, complemented by newly renovated residential units: a 3-bedroom, 1-bathroom apartment (approximately 1,288 square feet), and a 2-bedroom, 1-bathroom apartment (approximately 870 square feet) with a large sun deck. A separate coin-operated laundry room serves all residential units. The second building comprises a studio apartment (approximately 240 square feet), two 1-bedroom, 1-bathroom apartments (approximately 372 and 520 square feet respectively), and a 2-bedroom, 1-bathroom apartment (approximately 605 square feet). A two-car garage is also included. The property sits on a 0.08-acre lot and totals 5,443 square feet. Significant recent improvements include new plumbing, heating, cooling systems, and a new roof for the front building. The property generates gross rental income exceeding $300,000 annually, primarily from short-term rentals, with some leases extending into the 2025 season. Sewer betterment fees are paid in full. The property is being sold "as is," and furnishings are negotiable. This is a truly exceptional opportunity to own a piece of Provincetown's vibrant commercial and residential landscape.

Property Features for 294 Commercial St

General Information

Property type
Other commercial real estate
Square Feet
5,443 SF
Lot Size
3,485 SF

Building Details

Year Built
1880

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Coconuts Sunglasses Optician

Suggested Use

Law Firm Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Provincetown
County
Barnstable
State
Massachusetts
Longitude
-70.18634
Latitude
42.05167

FAQs

What type of property is this?
Commercial real estate - Prime Commercial & Residential Investment
Where is this commercial real estate located?
The property is located at 294 Commercial St Provincetown, MA.
More about this property
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