265 Commercial St Provincetown, MA 02657
- Investment properties
- 6,148 SF
- 0.09 lot acres
Current Use by Public Records
- Investment properties
Property Details for 265 Commercial St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.09 lot acres
- Property size
- 6,148 SF
- Zone code
- TCC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- PROV M:11-3 P:24
- APU
- PROVM113P24
Description
This exceptional 6,148 square foot retail space, located at 265 Commercial Street, offers a unique opportunity for a discerning tenant. Currently configured as a restaurant, this single-tenant property boasts a prime location directly across from Provincetown Town Hall, ensuring high visibility and foot traffic. The space extends from Commercial Street to the waterfront, providing unparalleled exposure and a captivating setting. With a generous 3,047 square feet facing Commercial Street and an additional rear area, this property presents versatile options for a variety of businesses. The 0.09-acre lot is ideally situated within easy walking distance of the US Post Office, banks, numerous restaurants, shops, a grocery store, whale watching tours, and the Boston Ferry Service. High vehicular and pedestrian traffic counts make this an unparalleled location for any retailer seeking to establish or expand their presence in Provincetown. Floor plans are available upon request for qualified tenants. The property's prominent signage opportunities, street frontage, and excellent condition further enhance its appeal. Available for occupancy January 1, 2024. This is a truly exceptional opportunity in a highly sought-after location. The APN is 11-3-23-0.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,020,000
- 6.5%
- $2,835,000
- 7%
- $3,030,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,690,000
- Geo Method
- $2,515,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,810,000
- Retail
- $2,560,000
- Mixed-Use
- $2,475,000
- Hospitality
- $2,835,000
- Educational
- $2,765,000
- Residential Income
- $2,785,000
- Energy
- $2,950,000
- Income-Based Land
- $2,530,000
- Food Service
- $2,565,000
Location Insight
- Map
- Local Demand
- City
- Provincetown
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.1868
- Latitude
- 42.0505
- CBSA code
- 12700
- CBSA name
- BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA
