321 Commercial StProvincetown, MA 02657

  • Turn key restaurants
  • 8,293 SF
For Sale
$14,000,000 View listing

Property Details for 321 Commercial St

Year built
1900
Construction
FRAME
Lot size
0.07 AC
Property size (Sq ft)
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.

Location Insight

City
Provincetown
County
Barnstable
State
Massachusetts
Latitude
42.0516
Longitude
-70.1849
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
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