321 Commercial St Provincetown, MA 02657-2202
Property profile & analytics
321 Commercial St Provincetown, MA 02657-2202
- Turn key restaurants
- 8,293 SF
- 0.07 lot acres
Property ID
US38-0854030
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.
Location Intelligence
Current Use by Public Records
- The Lobster Pot / Restaurant
Property Details for 321 Commercial St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.07 lot acres
- Property size
- 8,293 SF
- Zone code
- TCC
- Property type
- Turn key restaurants
- APN
- PROV M:11-3 P:6
- APU
- PROVM113P6
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,319,000
Market price range: $512k - $1.32M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,055,000 Current use
- RETAIL STORES
- $1,875,000 Change: -9% Conversion: Easy
- OFFICE BUILDING
- $1,870,000 Change: -9% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Provincetown
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.1849
- Latitude
- 42.0516
- 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
$21,056
$2,713,800
$1,327,600
$4,041,400
-
$0.00
$0.00
$0.00
