265 Commercial StProvincetown, MA 02657

Property Details for 265 Commercial St

Year built

1900

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

6,148 SF

Zone code

TCC

Property type

Investment properties

Property subtype

Live-work space

APN

PROV M:11-3 P:24

APU

PROVM113P24

Description

This exceptional 6,148 square foot retail space, located at 265 Commercial Street, offers a unique opportunity for a discerning tenant. Currently configured as a restaurant, this single-tenant property boasts a prime location directly across from Provincetown Town Hall, ensuring high visibility and foot traffic. The space extends from Commercial Street to the waterfront, providing unparalleled exposure and a captivating setting. With a generous 3,047 square feet facing Commercial Street and an additional rear area, this property presents versatile options for a variety of businesses. The 0.09-acre lot is ideally situated within easy walking distance of the US Post Office, banks, numerous restaurants, shops, a grocery store, whale watching tours, and the Boston Ferry Service. High vehicular and pedestrian traffic counts make this an unparalleled location for any retailer seeking to establish or expand their presence in Provincetown. Floor plans are available upon request for qualified tenants. The property's prominent signage opportunities, street frontage, and excellent condition further enhance its appeal. Available for occupancy January 1, 2024. This is a truly exceptional opportunity in a highly sought-after location. The APN is 11-3-23-0.

• CAP approach

  CAP return

  Valuation

  6%

  $1,016,448

  6.5%

  $938,260

  7%

  $871,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $803,298

  Geo Method

  $803,298

• Alternative Use

  Use

  Valuation

  Residential

  $1,163,442

  Hospitality

  $1,065,707

  Educational

  $886,655

  Medical

  $917,149

  Retail

  $1,379,242

Location Insight

City

Provincetown

County

Barnstable

State

Massachusetts

Latitude

42.0505

Longitude

-70.1868

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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