294 Commercial Street, Provincetown, MA 02657

Local realty services provided by:ERA Cape Real Estate
#1#2#3
294 Commercial Street,Provincetown, MA 02657
$3,575,000
  • 10 Beds
  • 7 Baths
  • 5,443 sq. ft.
  • Multi-family
  • Active
Listed by:joel j harms
Office:william raveis real estate & home services
MLS#:22405711
Source:CAPECOD

Price summary

  • Price:$3,575,000
  • Price per sq. ft.:$656.81

About this home

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. 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 over $300,000+ across all units with mostly short term rentals. Cap rate of 5.5%. Many new plumbing/heating and cooling updates and improvements including new roof for front building.

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Home facts

  • Year built:1880
  • Listing Id #:22405711
  • Added:260 day(s) ago
  • Updated:August 20, 2025 at 09:40 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:7
  • Full bathrooms:6
  • Living area:5,443 sq. ft.

Structure and exterior

  • Roof:Asphalt, Flat, Pitched, Shingle
  • Year built:1880
  • Building area:5,443 sq. ft.
  • Lot area:0.08 Acres

Schools

  • Middle school:Provincetown
  • Elementary school:Provincetown

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,575,000
  • Price per sq. ft.:$656.81
  • Tax amount:$14,407 (2025)
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