This auction has been canceled.

Renovated Restaurant and Inn in Provincetown’s bustling Historic District

Recorded at: Barnstable County Registry of Deeds, Book 30390, Page 286
Land Area: 8,712± SF
Building Area: 8,425± SF
Zoning: TCC, Town Commercial Center
Taxes: $15,127.55±, FY 2020
Assessed Value: $2,393,600±
Heat: Gas
Water/sewer: Public/Public
Features: This property, 386, 392 and 392A Commercial Street, Provincetown, MA, consists of an improved 8,712± SF lot of land. The Property is improved with four structures. The right front section of the lot contains a two-story restaurant with 2,406 square feet of building area and a semi-detached 308 square foot space which serves the public outside of the restaurant. The restaurant has 50 interior seats and 95 seasonal seats for a total capacity of 145. The rear of the lot is improved with a three-story inn/guest house structure with 5,319 square feet; there is also a detached guest cottage with 424 square feet of living area. Recent capital spending on the property, including, but not limited to construction, miscellaneous repairs, and grounds/landscaping totals approximately $1,828,000. The inn building contains 15 guest rooms. All the rooms have private bathrooms with stall showers. The current tenant holds an inn holder license versus the more common guest house license and as such can provide food and liquor services from the property's restaurant. The property is situated between Pearl and Law Streets. Commercial Street is a one lane, one-way west paved roadway with four foot wide brick paved sidewalk on the north side with granite curbing. There is parallel parking on the north side; no parking on the south side. The property is located in the Commercial Street retail area of Provincetown and lies within the Historic District. The property is considered as a legal, non-conforming use. According to the FEMA Map No. 250010116, the site is not located on a flood plain.

Contact AMG at (508) 842-1900 to discuss availability.

AMG Reference #2016