Waterfront Mixed-Use
337 Commercial Street Provincetown Provincetown, MA 02657
337 Commercial Street Provincetown, Provincetown, MA, 02657
$11,995,000
For Sale
$11,995,000
Multi-story property with first-floor retail and upper-level offices, retail, and two residential units, plus basement storage and parking.
Property Size26,590 SF
Price / SF$451.11
Days on Market9
Property Features for 337 Commercial Street Provincetown
General Information
- Standard status
- Active
- Size
- 26,590 SF
Building Details
- Year Built
- 1900
Listing Agency
(508) 501-1443
Listed by
Scott Nagy
(508) 501-1443
Source
Milestonerealtyinc
Added: Jul 9 Checked: Jul 17 at 2:23 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 Scott Nagy
Investment Insights
Based on property information with market context.
This waterfront mixed-use building is available for purchase following 70 years of ownership. The property includes over 15,000 square feet of retail space on the first floor and more than 7,000 square feet of combined office, retail, and residential space across the second and third floors. The residential portion consists of two units, each over 2,400 square feet, including two penthouse units with panoramic views of the bay. One penthouse features two bedrooms, one and one-half baths, two fireplaces, an office, and views on two sides. The second penthouse offers a waterfront, deed-restricted two-bedroom, two-bath layout with an oversized deck. Basement storage extends throughout the building’s footprint.
The parcel offers 141.87+/- feet of frontage and is located at 337 Commercial Street.
Additional on-site convenience includes 18+ parking spaces, and the seller welcomes offers with requests for buyer concessions.
The parcel offers 141.87+/- feet of frontage and is located at 337 Commercial Street.
Additional on-site convenience includes 18+ parking spaces, and the seller welcomes offers with requests for buyer concessions.
Key Highlights
- Waterfront multi‑use property built in 1900 with 141.87+/- ft of frontage in the TCC Zoning District
- Over 15,000+/- sq. ft. of first‑floor retail space plus over 7,000+/- sq. ft. across second and third floors (office, retail, and residential)
- Two residential units on the upper floors: each over 2,400 sq. ft., including penthouse‑style layouts
Local Financial Insights For Multifamily LT 5
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 | $877.5k | $33.00 |
| − Vacancy | −$30.7k | −$1.16 |
| EGI | $846.8k | $31.85 |
| − OpEx | −$254.0k | −$9.55 |
| NOI | $592.7k | $22.29 |
26,590 SF · lease $33.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$8.47M
$7.41M – $9.88M
NOI $592,731 @ 7.0% cap · market cap 4.94%
Second Best
Office B
$7.99M
$6.99M – $9.32M
NOI $559,028 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$10.84M
$9.48M – $12.64M
NOI $758,491 @ 7.0% cap · market cap 6.32%
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 - Multi-story property with first-floor retail and upper-level offices, retail, and two residential units, plus basement storage and parking.
Where is this mixed-use property located?
The property is located at 337 Commercial Street Provincetown 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 multi‑use property built in 1900 with 141.87+/- ft of frontage in the TCC Zoning District; Over 15,000+/- sq. ft. of first‑floor retail space plus over 7,000+/- sq. ft. across second and third floors (office, retail, and residential); Two residential units on the upper floors: each over 2,400 sq. ft., including penthouse‑style layouts
