706 Shore Rd - Apartments FOR SALE


North Truro, MA 02652
$21,999,000 USD
617-834-0137
706 Shore Rd, North Truro, MA for Sale
$21,999,000 USD
Apartments - FOR SALE
1/86
null | Request Cap Rate

706 Shore Rd
North Truro, MA 02652


HIGHLIGHTS

  • Redevelopment Opportunity
  • Beach Access
  • Location Location Location

OVERVIEW

This 2.3-acre beachfront property has been operated as a resort for decades and includes 44 units totaling 17,602 square feet. The owners have started construction on the "BeachFront" wing for 9 new condo units. On the east side of the property is a new 2,200 square foot wood-framed recreation building connected to 15 seasonal units that require a full gut renovation. The complex features 2 pools—1 indoor and 1 outdoor—a garage, and direct beach access. It is located near the National Seashore, approximately 2 miles from the center of Provincetown, with the nearby Provincetown Marina recently upgraded to world-class standards. Complete the site and rent or sell each unit individually. The property, excluding the west wing, is available for $14,000,000. There is a significant opportunity for redevelopment. Contact us for a tour.

FOR SALE DETAILS

PRICE

$21,999,000 USD

PRICE/SF

$554 USD /SF

# OF UNITS

24

PRICE/UNIT

$916,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The BeachFront

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

LB BEA

APN/PARCEL ID

TRUR-000001-000000-000005

ASK ABOUT THIS PROPERTY

Lisa LovelandKeller Williams Realty Boston-Metro | South EndMore Info
617-834-0137

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Lisa LovelandKeller Williams Realty Boston-Metro | South EndMore Info
617-834-0137

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