321 Commercial St, Provincetown, MA 02657-2202
This exceptional investment opportunity presents the renowned Lobster Pot restaurant in Provincetown, Massachusetts. Established in 1979, this iconic waterfront eatery boasts a prime location at 321 Commercial Street, a .07-acre lot (3,049 sq ft), and an 8,293 square foot building. The property includes the land, building, established business, all equipment, improvements, and the highly recognizable brand. The two-level restaurant features multiple dining rooms and bars, offering stunning views of Provincetown Harbor. This turnkey operation is ranked within the top 0.5% of restaurants nationwide, providing a consistent and profitable business model. The sale encompasses everything needed to continue the legacy of this beloved Provincetown institution, including the famous neon lobster sign. Built in 1900, the property offers a unique blend of historical charm and modern amenities, perfectly positioned to capitalize on the thriving Provincetown tourism market. This is a rare chance to acquire a highly successful, established business with significant brand recognition and a prime waterfront location in a desirable destination. The asking price is $14,000,000. Don't miss this opportunity to own a piece of Provincetown history.
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The Lobster Pot Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
TCC · Provincetown, MAProvincetown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.