706 Shr RdProvincetown, MA 02652

Property Details for 706 Shr Rd

Year built

1950

Property size (Sq ft)

24,801 SF

Property type

Specialty properties

Description

This exceptional special-purpose property, located at 706 Shore Road in North Truro, Massachusetts, 02652, presents a unique investment opportunity. The 2.3-acre complex comprises seven buildings totaling 24,801 square feet, featuring 44 condominium units. Nine units, constructed for year-round occupancy, are situated in a beachfront building offering stunning Cape Cod Bay views. A new 2,000 square-foot building, complete with a full basement, is available for future development, potentially as a gym, storage facility, or office space. The property also includes a 16-unit motel-style section, ideal for seasonal rentals, and a recently constructed 17-unit modular building designed for year-round use. A main house boasts four bedrooms, five full bathrooms, a two-bedroom apartment, and a two-car garage. The property is zoned LB BEA and sits on a 100,188 square-foot lot. The complex includes two swimming pools. Its proximity to the vibrant town of Provincetown (two miles away) offers easy access to a wealth of amenities, including restaurants, galleries, shops, whale watching excursions, fishing charters, a marina, and various entertainment options. Potential upgrades could include a gym, fitness center, or spa, although public access for food and alcohol service would be restricted by town bylaws. Built in 1950, this property offers significant potential for growth and revenue generation. The two-story buildings provide a variety of unit configurations and rental options.

Location Insight

City

Provincetown

County

Barnstable

State

Massachusetts

Latitude

42.0332

Longitude

-70.0801

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