Mixed-Use Buildings in
294 Commercial Street Provincetown, MA 02657
For Sale
$3,499,000
Two mixed-use buildings with commercial space and residential units.
Property Size1,500 SF
Price / SF$2,332
Days on Market589
Property Features for 294 Commercial Street
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1880
Listing Agency:
WILLIAM RAVEIS REAL ESTATE & HOME SERVICES
(508) 487-4005
Listed By:
JOEL J HARMS · License #134416
Source:
Corcoran
Added: Dec 12, 2024
Changed: Jul 10
Last Checked: Jul 23 at 9:33AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coconuts Sunglasses
Ophthalmologist
FAQs
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.
