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    Property profile & analytics
    OFF-MARKET Estimated value $1,430,000
    Showrooms

    89 Shank Painter Rd, Provincetown, MA 02657-1344

    7,392 SF 0.32 ac lot Built 2004
    Individually Owned 25-yr Hold ~ Est. High Equity
    Property ID
    US38-2554242
    Property summary
    AI-generated overview

    This exceptional 0.32-acre property at 89 Shank Painter Rd, Provincetown, MA 02657, presents a rare investment opportunity in a highly desirable and competitive market. Built in 2004, the existing three-story, single-building structure currently operates as a self-storage facility, offering immediate income potential. The property boasts strong road frontage on two sides, benefiting from planned improvements to Shank Painter Road, positioning it as a main artery into downtown Provincetown. Its commercial zoning allows for flexible redevelopment options, presenting significant upside potential for future development. This is a generational real estate opportunity in one of Cape Cod's most sought-after and tightly held real estate markets. The location offers unparalleled access to the vibrant downtown area and the unique charm of Provincetown. The existing structure provides a solid foundation for continued operation as a self-storage facility or a complete redevelopment into various commercial uses. This is a unique chance to acquire a strategically located asset with significant long-term growth potential in a highly desirable and limited-inventory market. The property's prime location and flexible zoning make it an ideal investment for both seasoned developers and astute investors seeking a high-return opportunity in a thriving coastal community. Don't miss this chance to secure a piece of Cape Cod's coveted real estate landscape.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 2004
    Construction STEEL FRAME
    Total area 7,392 SF
    Lot 0.32 ac (14,026 SF)
    Zoning code GC
    APN PROV M:8-1 P:14
    UPID US38-2554242
    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
    • Cape Tip Self Storage Storage Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.59M
    Comparable Approach Comparable
    $970k
    Blend (final) Blend
    $1.43M
    Owner & transaction history
    James M Costa · 25 yrs held
    James M Costa
    since 2000
    6 recorded transactions
    2013
    2013
    2004
    2001
    2000
    $60,000
    1969
    Zoning & alternative use
    GC · Provincetown, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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