Provincetown Mixed-Use Investment
For Sale
$1,549,000
Pending
374 Commercial Street Unit 1-3, Provincetown, MA 02657
Three condos in Provincetown: commercial and residential spaces.
Property Size2,540 SF
Days on Market236
Property Features for 374 Commercial Street Unit 1-3
General Information
Standard status
Pending
Size
2,540 SF
Property subtype
Commercial
Building Details
Year Built
1840
Listing Agency:
Kinlin Grover Compass Commercial
Listed By:
Nat Santoro · License #141467
(508) 255-1295
Source:
Milburyre
Added: Mar 7
Changed: Oct 28
Last Checked: Oct 28 at 9:03AM
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 Kinlin Grover Compass Commercial
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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 property in Provincetown features a mix of residential and commercial spaces. It includes three condominium units: two commercial units located on the lower and main levels, and a two-bedroom residential unit on the upper level. The total living space is 2540 square feet. The residential unit has been rented seasonally and is currently available. This property presents opportunities for investment, personal business use, or residential living.
Key Highlights
- Rare find: Unique opportunity to own three units in Provincetown.
- Mixed‑use property: Combines two commercial units with a residential unit.
- Investment potential: Offers rental income from the residential unit and business opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,897
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,940
$1.0M
Cap Rate 7%
$727,100
$727.1K
Cap Rate 9%
$565,522
$565.5K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$95.4K $37.56/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$92.5K $36.43/SF
− OpEx
−$41.6K −$16.39/SF
NOI
$50.9K $20.04/SF
Area
Barnstable County, MA
Vacancy
3.00%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,940
Cap Rate 7%
$727,100
Cap Rate 9%
$565,522
Alternative Uses
Best Use
Apartment 5plus
$727.1K
$636.2K – $848.3K
NOI $50,897 @ 7.0% cap · market cap 3.29%
Second Best
Mixed Use
$506.2K
$442.9K – $590.6K
NOI $35,433 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$1.04M
$905.7K – $1.21M
NOI $72,455 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,231
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three condos in Provincetown: commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 374 Commercial Street Unit 1-3 Provincetown, MA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Rare find: Unique opportunity to own three units in Provincetown.; Mixed‑use property: Combines two commercial units with a residential unit.; Investment potential: Offers rental income from the residential unit and business opportunities.
