Mixed-Use Buildings in Provincetown

294 Commercial Street, Provincetown, MA 02657

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For Sale

$3,499,000

Two mixed-use buildings with commercial space and residential units.

Type:Commercial

Property size:

1,500 SF

Price / SF:

$2,332/SF

HighLights

Prime downtown Provincetown location in the heart of the commercial district.
Significant income potential with $300,000+ gross annual rental income and a 5.5% cap rate.
Two mixed‑use buildings with a total of 10 bedrooms and 6 bathrooms, offering diverse rental opportunities.
Includes a ground floor retail space (approx. 1500sf) with a long‑term tenant history (36+ years).
Newly renovated 3BR/1BA apartment with a separate coin‑operated laundry room.
Two‑car garage included, a rare and valuable amenity in Provincetown.

We can help!

Listing Contact

JOEL J HARMS

Learn more

For Sale

$3,499,000

Two mixed-use buildings with commercial space and residential units.

Type:Commercial

Property size:

1,500 SF

Price / SF:

$2,332/SF

Added:: Dec 12, 2024
Days on Market:: 543
Last Refresh:: Apr 15 at 9:04 pm

Property Features for 294 Commercial Street

General Information

Standard status: Active
Size: 1,500 SF
Property subtype: Commercial

Building Details

Year Built: 1880

We can help!

Listing Contact

JOEL J HARMS

Listing agent JOEL J HARMS License #134416

Listing office WILLIAM RAVEIS REAL ESTATE & HOME SERVICES

Listing date Dec 12, 2024

Source Corcoran

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 WILLIAM RAVEIS REAL ESTATE & HOME SERVICES

HighLights

Prime downtown Provincetown location in the heart of the commercial district.
Significant income potential with $300,000+ gross annual rental income and a 5.5% cap rate.
Two mixed‑use buildings with a total of 10 bedrooms and 6 bathrooms, offering diverse rental opportunities.
Includes a ground floor retail space (approx. 1500sf) with a long‑term tenant history (36+ years).
Newly renovated 3BR/1BA apartment with a separate coin‑operated laundry room.
Two‑car garage included, a rare and valuable amenity in Provincetown.

Overview

Two mixed-use buildings are available in Provincetown's downtown commercial district. The buildings feature a combined 10 bedrooms and 6 baths, along with a commercial space. Building one includes a ground floor retail space of approximately 1500 square feet, which has been occupied by Coconuts Sunglasses for over 36 years. The second floor contains a newly renovated 3-bedroom, 1-bath unit of approximately 1288 square feet. A separate coin-operated laundry room serves all the apartments. The top floor features a 2-bedroom, 1-bath unit of approximately 870 square feet with a large sun deck. Building two consists of a studio of approximately 240 square feet, two 1-bedroom, 1-bath units of approximately 372 square feet and 520 square feet, and a 2-bedroom, 1-bath unit of approximately 605 square feet, plus a two-car garage. The property generates a gross rental income of over $300,000 across all units, primarily from short-term rentals, with a cap rate of 5.5%. There have been many new plumbing, heating, and cooling updates and improvements, including a new roof for the front building. The property is being sold AS IS.

Location Intelligence

Current Use by Public Records

Coconuts Sunglasses Ophthalmologist

Suggested Use

Location Insight

Map
Local Demand

City: Provincetown
County: Barnstable
State: Massachusetts
Longitude: -70.186339
Latitude: 42.0516692

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For sale
Mixed-use properties
MA
Provincetown
02657
294 Commercial Street

What type of property is this?

Mixed-use property - Two mixed-use buildings with commercial space and residential units.

Where is this mixed-use property located?

The property is located at 294 Commercial Street Provincetown, MA.

What is the asking price?

The asking price for this property is $3,499,000.

What are key features of this property?

This property features: Prime downtown Provincetown location in the heart of the commercial district.; Significant income potential with $300,000+ gross annual rental income and a 5.5% cap rate.; Two mixed‑use buildings with a total of 10 bedrooms and 6 bathrooms, offering diverse rental opportunities.