Apartment Building Redevelopment
New
For Sale
$22,999,000
706 Shore Rd 706, Truro, MA 02652
Established condominium structure with units rebuilt or substantially renovated since 2019.
Property Size20,285 SF
Price / SF$1,133
Days on Market2
Property Features for 706 Shore Rd 706
General Information
Standard status
Active
Size
20,285 SF
Zoning
LB BEA
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$24,097
Amenities
New
Commercial
20285
Square Feet
2.3
Acres
100188
Building Details
Year Built
2006
Listing Agency:
(978) 689-5431
Listed By:
Peter Lane
(978) 689-5431
Source:
Peterlanehomes.idxbroker
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 4:38AM
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 Peter Lane
Investment Insights
Based on property information with market context.
This apartment-building campus occupies 2.30 acres at Beach Point, immediately south of the Provincetown town line. The property contains an established condominium structure and approximately 20,285 square feet of improvements. About 40% of the units have been rebuilt from the ground up since 2019, while additional units have undergone substantial renovation. Building 4 remains largely original.
The property is zoned LB BEA and identified as legal conforming. It is addressed at 706 Shore Road in Truro, with access from Route 6 via Shore Road. The property information identifies potential strategies that include phased condominium redevelopment, multifamily use, or continued seasonal lodging, subject to required approvals. Building 1, which contains the owner’s residence and a staff apartment, is excluded from the purchase options.
The property is zoned LB BEA and identified as legal conforming. It is addressed at 706 Shore Road in Truro, with access from Route 6 via Shore Road. The property information identifies potential strategies that include phased condominium redevelopment, multifamily use, or continued seasonal lodging, subject to required approvals. Building 1, which contains the owner’s residence and a staff apartment, is excluded from the purchase options.
Key Highlights
- 2.30‑acre apartment‑building campus at Beach Point
- Approximately 20,285 square feet of improvements
- Established condominium structure
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 02652, MA
1,402
Population
1,737
Households
0.8
Avg Household Size
60
Median Age
41%
College-Educated
100%
High-School Grad
8.4 sq mi
ZIP Area
167
Density / Sq Mi
$48,955
Median Earnings
$844,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Established condominium structure with units rebuilt or substantially renovated since 2019.
Where is this apartment building located?
The property is located at 706 Shore Rd 706 Truro, MA.
What is the asking price?
The asking price for this property is $22,999,000.
What are key features of this property?
This property features: 2.30‑acre apartment‑building campus at Beach Point; Approximately 20,285 square feet of improvements; Established condominium structure
