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Waterfront Restaurant with Multiple Dining Rooms
For Sale
Contact for pricing

321 Commercial Street, Provincetown, MA 02657

Two-level dining operation includes multiple bars and guest dining rooms.

Property Size8,293 SF
Lot Size0.07 Acres
Days on Market143

Property Features for 321 Commercial Street

General Information

Standard status Active
Size 8,293 SF
Lot size 0.07 Acres
Property subtype Special Purpose

Additional Details

Business Included Yes
Equipment Included Yes

Building Details

Buildings 1
Listing Agency: Premier Commercial - Centerville
Listed By: John Ciluzzi · License #MA 8990
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:01PM

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 Premier Commercial - Centerville

Investment Insights

Based on property information with market context.

The offering combines a restaurant business with its land, buildings, equipment, improvements, and established brand. The property includes a 8,293SF building arranged across two levels, with multiple dining rooms and several bar areas supporting waterfront dining.

The site occupies a 0.07-acre lot in the center of Provincetown at 321 Commercial Street, with views toward Provincetown Harbor. The business has operated under The Lobster Pot name since 1979 and includes prominent signage, including its neon lobster sign. The sale encompasses the operating enterprise and real estate together, providing a single acquisition for the restaurant, physical improvements, equipment, and brand.

Key Highlights

  • 8,293SF restaurant building on a 0.07‑acre lot
  • Two levels of waterfront dining with multiple dining rooms and numerous bars
  • Restaurant business, land, buildings, equipment, improvements, and brand included

Property Analytics

Current Use

The Lobster Pot Restaurant

Suggested Use

Top Pick Auto Repair Shop HVAC Service Dental Office Electrical Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,249
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02657, MA

3,664
Population
4,778
Households
0.8
Avg Household Size
58
Median Age
61%
College-Educated
96%
High-School Grad
9.7 sq mi
ZIP Area
378
Density / Sq Mi
$104,500
Median Household Income
$54,784
Median Earnings
$1,306
Median Rent
$769,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Two-level dining operation includes multiple bars and guest dining rooms.
Where is this conventional restaurant located?
The property is located at 321 Commercial Street Provincetown, MA.
What are key features of this property?
This property features: 8,293SF restaurant building on a 0.07‑acre lot; Two levels of waterfront dining with multiple dining rooms and numerous bars; Restaurant business, land, buildings, equipment, improvements, and brand included
(508) 962-5033 Call to check price and availability
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