Retail Building with Storage and
251 Commercial Street Provincetown, MA 02657
251 Commercial Street, Provincetown, MA, 02657
$2,995,000
For Sale
$2,995,000
COMMERCIAL - Provincetown, MA
Property Size4,598 SF
Lot Size0.08 Acres
Price / SF$651.37
Days on Market174
Property Features for 251 Commercial Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Water Heater
- Standard status
- Active
- APN
- PROV M:11-3 P:29
- Size
- 4,598 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 16410
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Flooring type
- Wood, Vinyl
- Building materials
- Wood Frame, Clapboard
- Roof type
- Asphalt
Listing Agency
SeasCape Realty, Inc.
(508) 487-6111
405 Commercial Street, Provincetown, MA
Listed by
Timothy Brown
(508) 468-9338
Added: Jan 24 Checked: Jul 17 at 5:06 am
MLS# 22600233
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.
Investment Insights
Based on property information with market context.
This property includes approximately 1,940+/- square feet of street-level retail space and approximately 570+/- square feet of storage. The second floor features eight bedrooms with common areas, historically used for staff housing. The building totals approximately 4,598+/- square feet and is offered as real estate only, with the business not included, and conveyed as-is.
The building is located at 251 Commercial Street in Provincetown, MA, opening onto Gosnold Street. The remarks describe the area as a focal point of Provincetown’s commercial life and note the nearby “ART” sign associated with Gosnold Street.
Additional context provided includes long family ownership of over 60 years and the opportunity to continue the property’s retail use or pursue redevelopment plans.
The building is located at 251 Commercial Street in Provincetown, MA, opening onto Gosnold Street. The remarks describe the area as a focal point of Provincetown’s commercial life and note the nearby “ART” sign associated with Gosnold Street.
Additional context provided includes long family ownership of over 60 years and the opportunity to continue the property’s retail use or pursue redevelopment plans.
Key Highlights
- Prime Commercial Street location on a coveted 'Golden Block' offering high visibility.
- Significant retail space (1,940+\/- sq ft) combined with valuable storage (570+\/- sq ft), a rare find.
- Large overall property size (4,598+\/- sq ft) with redevelopment potential.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.9k | $30.00 |
| − Vacancy | −$3.0k | −$0.66 |
| EGI | $134.9k | $29.34 |
| − OpEx | −$40.5k | −$8.80 |
| NOI | $94.4k | $20.54 |
4,598 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,434 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,160 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Provincetown Florist — 281 Commercial St #3, Provincetown, MA 02657
- Stop & Shop Florist — Provincetown, MA 02657
- Heavy Petal — 136 Commercial St, Provincetown, MA 02657
FAQs
What type of property is this?
Storefront property - Street-level retail space includes dedicated storage, with eight bedrooms on the second floor previously used for staff housing.
Where is this storefront property located?
The property is located at 251 Commercial Street Provincetown, MA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Prime Commercial Street location on a coveted 'Golden Block' offering high visibility.; Significant retail space (1,940+\/- sq ft) combined with valuable storage (570+\/- sq ft), a rare find.; Large overall property size (4,598+\/- sq ft) with redevelopment potential.
