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269 Commercial Street, Provincetown, MA, 02657 | $3,500,000
Center of Town, Mixed Use Waterfront Property in Provincetown overlooking Provincetown Harbor is now available for sale. The sale includes the business and real estate. 269 -271 Commercial Street sits directly across from Town Hall in the absolute center of the Provincetown market. The sale includes the land, building, improvements, business, equipment and brand known as Tin Pan Alley Restaurant. The first floor consists of a full service restaurant with multiple seating areas, front bar / entertainment area and commercial kitchen. The second and third floors consist of a four bedroom residence. The 3, 427 square foot building is situated on a 3, 255 square foot lot. The property enjoys its location with the benefit of high foot and vehicle traffic. Substantial improvements including but not limited to mechanicals, new grease interceptor, windows, convection oven, boiler / heating system, roof and much much more! Strong financials, location, signage, frontage, and condition make this a MUST SEE for anyone looking for their DREAM Beachfront Restaurant location in Provincetown. Live, Work and Play at your waterfront property! Or purchase and lease out for a passive income investment!
Features
- Property Type: Mixed Use
- Current Use: Mixed, Restaurant, Retail, Tenants: Restaurant And 4 Bedroom Reside
- Permitted Use: Mixed, Restaurant, Retail, Tenants: Restaurant And 4 Bedroom Reside
- Construction: Barnboard, Clapboard, Sheet Rock, Frame
- Levels: 2
- Heating: Other
- Cooling: Wall Unit(s)
- Approx Lot Sq. Feet: 3,049
- Units: 2
- Zoning: TCC
- Year Built: 1890
- Approx Sq. Feet: 9,575
- Acreage: 0.07
- Est. Taxes: $15,422
- Lot Desc: In Town Location, Shopping, Marina, Level
- Water Front: Yes
- School District: Provincetown
- Appliances: Water Heater
- MLS#: 22404394
- Website: https://www.raveis.com
/prop/22404394/269commercialstreet_provincetown_ma?source=qrflyer
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888.699.8876
Contact@raveis.com
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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
269 Commercial Street, Provincetown, MA, 02657
$3,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
| Monthly Tax Payment | $1,285 | $1,285 | $1,285 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,679 | $17,013 | $23,064 |
| Total Monthly Payment | $17,089 | $18,423 | $24,474 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630