Lower-Level Retail
New
For Sale
$1,150,000
170 Commercial Street, Provincetown, MA 02657
Commercial Sale, Provincetown, MA
Property Size2,028 SF
Price / SF$567.06
Days on Market3
Property Features for 170 Commercial Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
TCC
Basement
Full, Walk-Out Access, Finished
Appliances
Water Heater
Directions
Commercial Street to 170 Commercial Street, Provincetown, Cape Cod, MA, USA
Subdivision
Provincetown
Standard status
Active
APN
PROV M:7-2 B: L:112--003
Size
2,028 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8059
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Listing Agency:
Premier Commercial
(508) 815-5700
Listed By:
John E Ciluzzi · License #8990
(508) 962-5033
Added: Nov 4
Last Checked: Nov 6 at 1:06PM
MLS# 22605571
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,028+/- square-foot commercial condominium occupies the lower level of a brick building constructed in 1950. Interior features include concrete flooring, forced-air propane heat, central air conditioning, and a water heater. The unit most recently operated as an adult-use cannabis dispensary.
At 170 Commercial Street, the property sits in Provincetown’s downtown TCC district. A street-facing sign and frontage provide exposure to pedestrian activity along the town’s retail, dining, and entertainment corridor. Shops, galleries, restaurants, and public parking lots are within walking distance.
TCC zoning permits a broad range of commercial uses, and non-residential uses in the district are exempt from parking requirements. Potential uses identified for the space include retail, quick-service food, ice cream, gallery, office, and service businesses. Adult-use cannabis retail is allowed under the zoning, subject to state and local approvals.
At 170 Commercial Street, the property sits in Provincetown’s downtown TCC district. A street-facing sign and frontage provide exposure to pedestrian activity along the town’s retail, dining, and entertainment corridor. Shops, galleries, restaurants, and public parking lots are within walking distance.
TCC zoning permits a broad range of commercial uses, and non-residential uses in the district are exempt from parking requirements. Potential uses identified for the space include retail, quick-service food, ice cream, gallery, office, and service businesses. Adult-use cannabis retail is allowed under the zoning, subject to state and local approvals.
Key Highlights
- 2,028+/- square feet of lower‑level commercial condo space
- TCC zoning; non‑residential uses are exempt from parking requirements
- Adult‑use cannabis retail allowed under TCC zoning, subject to state and local approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,651
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,020
$833.0K
Cap Rate 7%
$595,014
$595.0K
Cap Rate 9%
$462,789
$462.8K
Market Conditions
NOI Build-Up for 2,028 SF
Gross rent
$60.8K $30.00/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$59.5K $29.34/SF
− OpEx
−$17.9K −$8.80/SF
NOI
$41.7K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,020
Cap Rate 7%
$595,014
Cap Rate 9%
$462,789
Alternative Uses
Best Use
Retail
$595.0K
$520.6K – $694.2K
NOI $41,651 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$826.4K
$723.1K – $964.2K
NOI $57,850 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
Business Placement
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
$769,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Provincetown, MA
Properties on Market for Retail space in Provincetown
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - TCC zoning supports a range of commercial uses, with adult-use cannabis retail subject to state and local approvals.
Where is this retail space located?
The property is located at 170 Commercial Street Provincetown, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,028+/- square feet of lower‑level commercial condo space; TCC zoning; non‑residential uses are exempt from parking requirements; Adult‑use cannabis retail allowed under TCC zoning, subject to state and local approvals
