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    269 Commercial St Provincetown, MA 02657

    For Sale
    $3,500,000

    Prime Location, Mixed-Use Property

    Property size:
    9,575 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property, located at 269 Commercial Street in Provincetown, Massachusetts, is offered at $3,500,000. The 9,575 square foot building, constructed in 1890 and situated on a 3,049 square foot lot, enjoys a highly desirable waterfront location directly across from Town Hall. The property includes the land, building, improvements, established business (Tin Pan Alley Restaurant), equipment, and brand. The first floor houses a full-service restaurant featuring multiple seating areas, a front bar/entertainment area, and a commercial kitchen. The second and third floors comprise a four-bedroom residence. Significant recent improvements include upgraded mechanical systems, a new grease interceptor, windows, convection oven, boiler/heating system, and roof. This property benefits from high foot and vehicle traffic, strong financials, excellent signage, and prime frontage. Its central location in the heart of Provincetown offers a unique opportunity to live, work, and play in a vibrant waterfront setting. Alternatively, the property presents a compelling passive income investment opportunity through leasing. The property's combination of established business, residential space, and prime location makes it an exceptional investment.

    Property Features for 269 Commercial St

    General Information

    Property type
    Specialty properties
    Square Feet
    9,575 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tin Pan Alley New American Restaurant Sargent's Wharf Parking ... Parking Lot

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage 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
    -70.1871039
    Latitude
    42.0508991

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    FAQs

    What type of property is this?
    Specialty property - Prime Location, Mixed-Use Property
    Where is this specialty property located?
    The property is located at 269 Commercial St Provincetown, MA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    (508) 815-5701
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    269 Commercial St Provincetown, MA 02657
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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

    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
    269 Commercial St Provincetown, MA 02657
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