Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    539 Commercial St Provincetown, MA 02657

    Sponsored
    For Sale
    $2,650,000

    Iconic eatery, prime location, high returns.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 539 Commercial Street, Unit 1, Provincetown, MA 02657, presents a rare opportunity to acquire a thriving waterfront restaurant. Established for 23 years and operating year-round, this full-service establishment boasts a total area of approximately 3,618 square feet, including basement storage. The restaurant features three distinct dining areas: a 50-seat waterfront room, a 26-seat bar area, and a 50-seat street-front room, totaling a licensed capacity of 126 seats. A full bar complements the dining experience. The property is situated within a well-maintained condominium association on Provincetown's East End and includes exclusive rights to nine valuable parking spaces. The asking price is $2,650,000. Note that the sale does not include the right to use the name "Fanizzi's." This turnkey operation offers immediate income potential and significant upside for a discerning buyer seeking a well-established business in a highly desirable location. The property's prime waterfront location and strong reputation within the Provincetown community ensure continued success. This is an exceptional opportunity to own a piece of Provincetown's vibrant culinary scene.

    Property Features for 539 Commercial St

    General Information

    Property type
    Restaurants
    Property Profile Location Intelligence

    Current Use by Public Records

    Fanizzi’s Restaurant - Provincetown, ... American 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.

    Location Insight

    • Map
    • Local Demand
    City
    Provincetown
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.1741623
    Latitude
    42.0583537

    Nearby Similar for Sale

    • $2,499,000
      3,174 SF

      Provincetown Multi-Unit Redevelopment Opportunity

      Four-unit property with redevelopment options in Provincetown, Massachusetts.
      37 Pearl St, Provincetown, MA 02657
      View Details
    • New
      $4,200,000
      4,920 SF

      Provincetown Inn with Growth Potential

      Turnkey 13-room guesthouse in Provincetown's vibrant West End.
      7 Central St, Provincetown, MA 02657
      View Details
    • New
      $4,499,000
      3,515 SF

      Historic West End Captain's Home

      Historic West End home with B&B license and water views.
      44 Commercial St, Provincetown, MA 02657
      View Details
    • $995,000
      1,548 SF

      Prime Commercial Space in Provincetown

      Rare retail condominium in downtown Provincetown, currently leased to established boutique.
      193 4&5, Provincetown, MA 02657
      View Details
    • $2,300,000
      3,604 SF

      Versatile Provincetown Multi-Family Home

      Three-unit property near downtown and National Seashore with income potential.
      14 Nelson Ave, Provincetown, MA 02657
      View Details
    • New
      $2,279,000
      2,760 SF

      Provincetown Multifamily Redevelopment Opportunity

      Multifamily property in desirable coastal community with redevelopment potential.
      341 Bradford Street Ext, Provincetown, MA 02657
      View Details
    • $1,400,000
      Pending

      Waterfront Restaurant Opportunity in Provincetown

      Restaurant property with waterfront patio and business assets for sale.
      179 Commercial St, Provincetown, MA 02657
      View Details
    • New
      $879,000
      1,362 SF

      Provincetown Antique Three-Family Residence

      Rare development opportunity in Provincetown with potential for expansion.
      37 D Ct St, Provincetown, MA 02657
      View Details
    • $11,995,000

      Waterfront Mixed-Use Investment Opportunity

      Historic waterfront property with retail, office, and residential spaces.
      337 Commercial St, Provincetown, MA 02657
      View Details
    • $4,950,000

      Provincetown Mixed-Use Cluster For Sale

      Rare mixed-use property in the heart of Provincetown.
      234 Commercial St, Provincetown, MA 02657
      View Details
    • $2,000,000
      2,332 SF

      Landmark Commercial Condo Corner Property

      Pristine commercial condo in central Provincetown location for sale.
      135 Bradford St, Provincetown, MA 02657
      View Details
    • $4,200,000
      4,920 SF

      Turnkey Provincetown Inn For Sale

      13-room guesthouse in Provincetown's West End, steps from attractions.
      7 Central St, Provincetown, MA 02657
      View Details

    FAQs

    What type of property is this?
    Restaurant - Iconic eatery, prime location, high returns.
    Where is this restaurant located?
    The property is located at 539 Commercial St Provincetown, MA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    Request Owner's contact information
    539 Commercial St Provincetown, MA 02657
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    539 Commercial St
    Provincetown, MA 02657
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    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 Provincetown, MA 02657
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.