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Waterfront Restaurant Opportunity in Provincetown
For Sale
$2,275,000

539 Commercial Street #Unit 1, Provincetown, MA 02657

Beloved waterfront restaurant for sale in Provincetown, Massachusetts.

Property Size3,618 SF
Price / SF$628.80
Days on Market98

Property Features for 539 Commercial Street #Unit 1

General Information

Standard status Active
Size 3,618 SF
Property subtype Commercial

Building Details

Year Built 1900
Listing Agency: Gibson Sotheby's International Realty
Listed By: Iskren Georgiev · License #9539169
Source: Liongatere
Added: Apr 25 Changed: Jul 10 Last Checked: Jul 22 at 6:36AM

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 Gibson Sotheby's International Realty

Investment Insights

Based on property information with market context.

A full-service waterfront restaurant in Provincetown, Massachusetts, is available for purchase. The restaurant has been under the same ownership for 25 years and operates year-round. The establishment is licensed for 126 seats and includes a full bar. The total area is approximately 3,618 square feet, including basement storage. The restaurant features three distinct dining rooms: a 50-seat room directly on the water, a 26-seat area in the bar room, and a 50-seat street-front room. The property is part of a condominium association in Provincetown's East End. The restaurant comes with exclusive rights to use nine parking spaces on the property. The sale does not include the right to use the name ''Fanizzi's.''

Key Highlights

  • Waterfront restaurant location with 50 seats directly on the water.
  • Full‑service restaurant with a full bar and a license for 126 seats.
  • Established business operated year‑round by the current owner for 25 years.

Property Analytics

Current Use

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

Suggested Use

Top Pick HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Auto Repair Shop Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

456
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Beloved waterfront restaurant for sale in Provincetown, Massachusetts.
Where is this conventional restaurant located?
The property is located at 539 Commercial Street #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: Waterfront restaurant location with **50 seats directly on the water.**; Full‑service restaurant with a full bar and a license for 126 seats.; Established business operated year‑round by the current owner for 25 years.
More about this property
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