Retail Condominium with Street
170 Commercial Street UNIT 3, Provincetown, MA 02657
For Sale
New
$1,150,000
TCC zoning supports a broad range of commercial uses, with non-residential uses exempt from parking requirements.
Property Size2,028 SF
Price / SF$567.06
Days on Market2
Property Features for 170 Commercial Street UNIT 3
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Classic Cape Real Estate, LLC
Listed By:
Ken Hager
(508) 737-9974
Source:
Link.flexmls
Added: Nov 6
Last Checked: Nov 6 at 2:23PM
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 Classic Cape Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 2,028±-square-foot retail condominium occupies the lower level of a building constructed in 1950. A large sign faces Commercial Street, and the unit is zoned TCC (Town Commercial Center), a district that allows a broad range of commercial uses. Adult-use cannabis retail is permitted under the town’s TCC zoning, subject to state and local approvals.
The property is on Commercial Street at the west end of Provincetown’s business district, among retail, dining, and entertainment uses. Shops, galleries, and restaurants are within walking distance. Non-residential uses in the TCC district are exempt from parking requirements, and public parking lots are also within walking distance. The space is identified for retail, quick-service food, ice cream, gallery, office, and service uses.
The property is on Commercial Street at the west end of Provincetown’s business district, among retail, dining, and entertainment uses. Shops, galleries, and restaurants are within walking distance. Non-residential uses in the TCC district are exempt from parking requirements, and public parking lots are also within walking distance. The space is identified for retail, quick-service food, ice cream, gallery, office, and service uses.
Key Highlights
- 2,028± square feet on the lower level
- TCC zoning allows a broad range of commercial uses
- Large sign faces Commercial Street
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
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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
$769,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 broad range of commercial uses, with non-residential uses exempt from parking requirements.
Where is this retail space located?
The property is located at 170 Commercial Street UNIT 3 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 on the lower level; TCC zoning allows a broad range of commercial uses; Large sign faces Commercial Street
