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MA
Provincetown
02657
294 Commercial St

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FOR SALE

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294 Commercial St Provincetown, MA 02657

3,517 SF 0.08 ac lot Built 1880

Individually Owned 3-yr Hold

Property ID

US38-0541244

$3,499,000 3,517 SF

294 Commercial St, Provincetown, MA 02657
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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.