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    OFF-MARKET Estimated value $1,475,000
    Turn key restaurants

    321 Commercial St, Provincetown, MA 02657-2202

    8,293 SF 0.07 ac lot Built 1900
    Individually Owned 15-yr Hold Free & Clear
    Property ID
    US38-0854030
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1900
    Construction FRAME
    Total area 8,293 SF
    Lot 0.07 ac (3,006 SF)
    Zoning code TCC
    APN PROV M:11-3 P:6
    UPID US38-0854030
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Lobster Pot Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.32M
    Blend (final) Blend
    $1.48M
    Owner & transaction history
    Mary Joy Mcnulty · 15 yrs held
    Mary Joy Mcnulty
    since 2010
    6 recorded transactions
    2011
    2010
    $1
    2010
    2008
    2000
    1998
    Zoning & alternative use
    TCC · Provincetown, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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