193 Commercial Street, Units 1-5 Provincetown, MA

$1,350,000
Acres 0.32
Photo of 193 Commercial Street, Units 1-5 Provincetown MA 02657




Description

Prime Provincetown RETAIL SPACE available for sale for the first time in 40 years. This retail condominium is currently rented and operated as Roots, a home furnishings and gift store which has been in business for several decades in this location. There is a long term lease through January 31, 2027. Rental income is $69,200 annually. Tenant pays all utilities including condo fee. Betterment paid in full. The space lives as one retail space but is legally 5 condominium units. The property includes a dry basement area ideal for storage, a must for many retail operations and scarce in Provincetown. This is a great investment opportunity with stable income and few expenses. Plus the location is a prime commercial/retail location in downtown Provincetown. Seller welcomes offers with requests for buyer concessions.


Listed by Gibson Sotheby's International Realty, Joseph DeMartino

Details

MLS 73302780
Status Active
Price $1,350,000
DOM 59 days
Type Commercial
Lot Size 0.32 acres
Year Built 1985

Lot & Building Features

Tax Year 2025
Taxes Paid $5,637

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.