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    Property profile & analytics

    294 Commercial St Provincetown, MA 02657

    • Investment properties
    • 3,517 SF
    • 0.08 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Dec 07, 2022
    Location Intelligence
    Property ID
    US38-0541244
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Coconuts Sunglasses / Optician / Sunglasses Store

    Property Details for 294 Commercial St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    3,517 SF
    Zone code
    TCC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    PROV M:11-3 P:104
    APU
    PROVM113P104

    Description

    This exceptional Provincetown property presents a rare investment opportunity, boasting a combined 10 bedrooms and 6 bathrooms across two mixed-use buildings. Located in the heart of Provincetown's bustling downtown commercial district, this property offers a unique blend of commercial and residential income streams. The first building features approximately 1,500 square feet of ground-floor retail space, successfully occupied for over 36 years, complemented by newly renovated residential units: a 3-bedroom, 1-bathroom apartment (approximately 1,288 square feet), and a 2-bedroom, 1-bathroom apartment (approximately 870 square feet) with a large sun deck. A separate coin-operated laundry room serves all residential units. The second building comprises a studio apartment (approximately 240 square feet), two 1-bedroom, 1-bathroom apartments (approximately 372 and 520 square feet respectively), and a 2-bedroom, 1-bathroom apartment (approximately 605 square feet). A two-car garage is also included. The property sits on a 0.08-acre lot and totals 5,443 square feet. Significant recent improvements include new plumbing, heating, cooling systems, and a new roof for the front building. The property generates gross rental income exceeding $300,000 annually, primarily from short-term rentals, with some leases extending into the 2025 season. Sewer betterment fees are paid in full. The property is being sold "as is," and furnishings are negotiable. This is a truly exceptional opportunity to own a piece of Provincetown's vibrant commercial and residential landscape.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Provincetown
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.1864
    Latitude
    42.0517
    CBSA code
    12700
    CBSA name
    BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $618,300
    $1,738,600
    $2,356,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      309 Commercial St

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      212-214 Commercial St

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      274-276 Commercial St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,388 SF
      274-276 Commercial St, Provincetown, MA 02657
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    • Value Estimation by Request
      3,710 SF

      358-360 Commercial St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,710 SF
      358-360 Commercial St, Provincetown, MA 02657
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    294 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
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