706 Shr Rd Truro, MA 02666

Property Details for 706 Shr Rd

Year built

2006

Lot size

2.30 lot acres

Property size

4,516 SF

Property type

Commercial real estate

Description

This exceptional 4,516 square foot commercial property in Truro, MA, presents a unique investment opportunity. Situated on a 2.3-acre lot with direct beach access to Cape Cod Bay, the property boasts 25 condominium units, including nine brand new year-round units completed in 2023 within a newly constructed beachfront wing. An additional 16 seasonal units, housed in a separate 2,200 square foot wood-framed structure, offer significant potential for conversion to year-round occupancy. The property also features a bonus oversized studio unit on the second floor with a private deck and stunning beach views. Shared amenities include both indoor and outdoor swimming pools, and a convenient bonus building. Its prime location, just two miles from the center of Provincetown and near the National Seashore, offers unparalleled access to the area's attractions. The recent upgrade of Provincetown's deep-water marina to "World Class" status further enhances the property's appeal. This versatile property is ideally suited for a variety of uses, including a hospitality business, residential development, or a condo-hotel. The potential exists to complete the site's development and rent or sell individual units. The property's size and amenities also make it suitable for corporate retreats, yoga or meditation retreats, or a shared facility for corporate clients. The property is offered in its current condition.

Location Insight

City

Truro

County

Barnstable

State

Massachusetts

Longitude

-70.1472

Latitude

42.0633