Waterfront Mixed-Use
337 Commercial Street Provincetown, MA 02657
337 Commercial Street, Provincetown, MA, 02657
$11,995,000
For Sale
$11,995,000
Waterfront mixed-use property with ground-floor retail, upper-level income space, and ample on-site parking.
Property Size22,000 SF
Price / SF$545.23
Days on Market12
Property Features for 337 Commercial Street
General Information
- Standard status
- Active
- Size
- 22,000 SF
Building Details
- Year Built
- 1900
Listing Agency
(978) 852-5054
Listed by
Kim Cook
(978) 852-5054
Source
Cookandcompanyre.idxbroker
Added: Jul 6 Checked: Jul 17 at 2:52 am
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 Kim Cook
Investment Insights
Based on property information with market context.
This waterfront mixed-use building combines commercial and residential space within a historic parcel. The first floor includes over 15,000+/- square feet of retail space, while the second and third floors provide over 7,000+/- square feet of combined office, retail, and residential uses. The residential component consists of two units, each over 2,400 square feet, including two penthouse units with panoramic waterfront views. One penthouse features 2 bedrooms, 1 and 1/2 baths, two fireplaces, an office, and panoramic views. The second penthouse offers a waterfront deed-restricted 2 bedroom, 2 bath configuration with an oversized deck. Basement storage extends throughout the entire building footprint.
The property is offered for sale and presents 141.87+/- feet of frontage within the TCC Zoning District. According to the public remarks, the parcel is among the larger lots in the district. The building offers 18+ parking spaces, supporting convenient access for tenants, employees, and visitors.
For buyers or operators seeking a mixed-use asset with both commercial frontage and residential units, the current configuration offers multiple on-building use types, including retail and office space above. The depth of on-site parking and the combination of retail and upper-level living/working space may support a range of tenant mixes within the existing building layout.
The property is offered for sale and presents 141.87+/- feet of frontage within the TCC Zoning District. According to the public remarks, the parcel is among the larger lots in the district. The building offers 18+ parking spaces, supporting convenient access for tenants, employees, and visitors.
For buyers or operators seeking a mixed-use asset with both commercial frontage and residential units, the current configuration offers multiple on-building use types, including retail and office space above. The depth of on-site parking and the combination of retail and upper-level living/working space may support a range of tenant mixes within the existing building layout.
Key Highlights
- Waterfront mixed‑use property with 141.87+/- ft of frontage in the TCC Zoning District
- Over 15,000+/- sq. ft. of ground‑floor retail space
- Over 7,000+/- sq. ft. on the 2nd and 3rd floors with a mix of office, retail, and residential space
Local Financial Insights For Office B
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 | $770.9k | $35.04 |
| − Vacancy | −$154.2k | −$7.01 |
| EGI | $616.7k | $28.03 |
| − OpEx | −$154.2k | −$7.01 |
| NOI | $462.5k | $21.02 |
22,000 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.61M
$5.78M – $7.71M
NOI $462,528 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$6.45M
$5.65M – $7.53M
NOI $451,836 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$8.97M
$7.84M – $10.46M
NOI $627,560 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lands End Marine ...
Building Supply
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FAQs
What type of property is this?
Mixed-use property - Waterfront mixed-use property with ground-floor retail, upper-level income space, and ample on-site parking.
Where is this mixed-use property located?
The property is located at 337 Commercial Street Provincetown, MA.
What is the asking price?
The asking price for this property is $11,995,000.
What are key features of this property?
This property features: Waterfront mixed‑use property with 141.87+/- ft of frontage in the TCC Zoning District; Over 15,000+/- sq. ft. of ground‑floor retail space; Over 7,000+/- sq. ft. on the 2nd and 3rd floors with a mix of office, retail, and residential space
