294 Commercial St
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294 Commercial St
3,973 SF Retail Building Provincetown, MA 02657 $5,424,375 CAD ($1,365 CAD/SF)
INVESTMENT HIGHLIGHTS
- Central Commercial Street Location
- $300,000 in gross income across all units
- 6 apartments featuring 10 bedrooms and 6 baths
EXECUTIVE SUMMARY
Price Adjustment - reduced $100k! Make Provincetown Your OWN with these two mixed use buildings featuring a combined 10 bedrooms and 6 baths, and a prime commercial space with a half bath in the heart of Provincetown's downtown commercial district! First time on the market in over 50 years. Building one consists of ground floor retail space (approx. 1500sf) that has housed Coconuts Sunglasses for over 36 years, the second floor is a newly renovated approx. 1288sf 3BR/1BA (#5), separate coin operated laundry room for all of the apartments, and the top floor is an approx. 870sf 2BR/1BA (#6) and features a large sun deck. Building two consists of an approx. 240sf studio (#3), two approx. 372sf and 520sf 1BR/1BAs (#1 and #4), an approx. 605sf 2BR/1BA (#2), and a two car garage. Property being sold AS IS. Generates gross rental income of around $300,000+ across all units with mostly weekly rentals. There are some rentals in place for 2025 season. Many new plumbing/heating and cooling updates and improvements. Furnishings negotiable. Sewer betterment paid in full.
Mixture of uses: Apartment #1 was seasonal in 2024 and grossed $10,800, #2 grossed $46,155.29 in STRs (avg night $304), #3 was year round and grossed $11,000, #4 grossed $38,678.59 in STRs (avg night $269) plus $7500 for winter tenants, #5 grossed $52,676 in STRs (avg night $421), #6 grossed $54,509.49 in STRs (avg night $295). Coconuts will be paying $90,000 in Jan 2025. Coin laundry generates about $1,000 annually. Property being sold AS IS. Some STR tenants in place for 2025 season. Floorplans attached are for illustrative purposes only and square footage is estimated. Buyers are advised to conduct their own due diligence. Information deemed reliable, but not verified. Keep as rentals or convert to condominiums!
Mixture of uses: Apartment #1 was seasonal in 2024 and grossed $10,800, #2 grossed $46,155.29 in STRs (avg night $304), #3 was year round and grossed $11,000, #4 grossed $38,678.59 in STRs (avg night $269) plus $7500 for winter tenants, #5 grossed $52,676 in STRs (avg night $421), #6 grossed $54,509.49 in STRs (avg night $295). Coconuts will be paying $90,000 in Jan 2025. Coin laundry generates about $1,000 annually. Property being sold AS IS. Some STR tenants in place for 2025 season. Floorplans attached are for illustrative purposes only and square footage is estimated. Buyers are advised to conduct their own due diligence. Information deemed reliable, but not verified. Keep as rentals or convert to condominiums!
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,973 SF
Building Class
C
Year Built
1880
Price
$5,424,375 CAD
Price Per SF
$1,365 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.14
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
TCC - Property is centrally located in the heart of Provincetown's Commercial District. Mixed use building with ground floor retail and 6 residential units
Parking
3 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
35 ft on Commercial St
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (96)
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294 Commercial St
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