294 Commercial St - Storefront Retail/Residential FOR SALE


Provincetown, MA 02657
$3,575,000 USD
508-726-3304
294 Commercial St, Provincetown, MA for Sale
$3,575,000 USD
Storefront Retail/Residential - FOR SALE
1/44
null | 5.5% Cap Rate

Jan '26


294 Commercial St
Provincetown, MA 02657


HIGHLIGHTS

  • Central Commercial Street Location
  • 6 apartments featuring 10 bedrooms and 6 baths
  • $300,000 in gross income across all units

OVERVIEW

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. Many new plumbing/heating and cooling updates and improvements. Furnishings negotiable. Sewer betterment paid in full. 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 short term rentals. Cap rate of 5.5%. Mixture of uses: Half of the units operate as short term rentals with some STR tenants in place for balance of 2025 and some in 2026. The other half operate as long term rentals which are in very high demand in this area and generate lucrative income as well. Property being sold AS IS. 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!

FOR SALE DETAILS

PRICE

$3,575,000 USD

PRICE/SF

$644 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

TCC

APN/PARCEL ID

PROV-000011-000003-000104

ASK ABOUT THIS PROPERTY

Wendy BeaulieuWilliam Raveis Real EstateMore Info
508-726-3304

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Wendy BeaulieuWilliam Raveis Real EstateMore Info
508-726-3304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.