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    539 Commercial St, Unit 1 Provincetown, MA 02657

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    For Sale
    $2,275,000

    Established waterfront restaurant with full bar and multiple dining areas.

    Property Features for 539 Commercial St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: Gibson Sotheby's International Realty Agent Iskren Georgiev

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Restaurant Opportunity in Provincetown

    This is an opportunity to purchase a waterfront restaurant in Provincetown. The full-service establishment has been operated year-round by the current owner for 25 years. The restaurant is licensed for 126 seats and includes a full bar. The total area is approximately 3,618 square feet, including basement storage. The establishment features three distinct dining rooms: a 50-seat room situated directly on the water, a 26-seat area in the bar room, and a street-front room accommodating 50 seats. The restaurant is located in the East End of Provincetown within a condominium association. The property includes exclusive rights to use nine parking spaces. Note that the offering does not include the right to use the name 'Fanizzi's.'
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fanizzi’s Restaurant - Provincetown, ... Seafood Restaurant ATM Atm

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Perfect Picnic Ptown

    Location Insight

    • Map
    • Local Demand
    City
    Provincetown
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.1742034
    Latitude
    42.0584482

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    FAQs

    What type of property is this?
    Restaurant - Established waterfront restaurant with full bar and multiple dining areas.
    Where is this restaurant located?
    The property is located at 539 Commercial St, Unit 1 Provincetown, MA.
    What is the asking price?
    The asking price for this property is $2,275,000.
    What are key features of this property?
    This property features: - Prime waterfront location in Provincetown with a **50-seat dining room directly on the water**.; - Full-service restaurant with a full bar and a license for 126 seats.; - Established business with a 25-year operating history.
    (508) 487-2430
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

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    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    539 Commercial St, Unit 1 Provincetown, MA 02657
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