Provincetown Mixed-Use Investment
374 Commercial Street #1-3 Provincetown, MA 02657
374 Commercial Street #1-3, Provincetown, MA, 02657
$1,549,000
For Sale
$1,549,000
Three condos in Provincetown: commercial and residential spaces.
Property Size2,540 SF
Price / SF$609.84
Days on Market84
Property Features for 374 Commercial Street #1-3
General Information
- Standard status
- Active
- Size
- 2,540 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1840
Listing Agency
Kinlin Grover Compass Commercial
(508) 255-1295
Listed by
Nat Santoro · License #141467
(508) 255-1295
Source
Liongatere
Added: Apr 25 Checked: Jul 17 at 2:28 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 Kinlin Grover Compass Commercial
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.
Local Financial Insights For Apartment 5plus
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 | $95.4k | $37.56 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $92.5k | $36.43 |
| − OpEx | −$41.6k | −$16.39 |
| NOI | $50.9k | $20.04 |
2,540 SF · lease $37.56/SF/yr · vacancy 3.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michael Hall Real ...
Real Estate Agency
Kinlin Grover Compass ...
Real Estate Agency
Kinlin Grover Compass ...
Vacation Rental
Botanica
(Bike/Boat/Book/etc) Store
Brett E. Holmes, ...
Real Estate Agency
Similar For Sale Nearby
FAQs
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 #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.
