193 4& Provincetown, MA 02657

Property Details for 193 4&

Year built

1899

Lot size

0.32 lot acres

Property size

1,548 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a prime retail condominium in the heart of Provincetown, MA. The property, located at 193 Commercial Street, Units 1-4, encompasses 1,548 square feet on a 0.32-acre lot. Currently operating as a thriving home furnishings and gift store ("Roots") under a long-term lease expiring January 31, 2027, this property generates a stable annual rental income of $69,200. The tenant is responsible for all utilities, including the condo fee, minimizing expenses for the owner. The property's configuration, while legally comprised of five condominium units, functions seamlessly as a single, expansive retail space. A valuable dry basement provides ample storage, a rare and highly desirable feature in Provincetown's commercial landscape. This established business, operating successfully for decades, offers a low-risk investment with a proven track record. The "betterment" has been paid in full. The seller is open to offers that include requests for buyer concessions, making this a compelling opportunity for discerning investors seeking a strong return on investment in a highly sought-after location. This is a rare chance to acquire a well-established, income-producing property in the vibrant commercial district of Provincetown.

Location Insight

City

Provincetown

County

Barnstable

State

Massachusetts

Longitude

-70.1889

Latitude

42.0488