Contact Information
PO Box 107
Shrewsbury, MA 01545
Tel: ( 508 ) 842-1900
Fax: ( 508 ) 925-4677
amgi@townisp.com

MA LIC #207
NH LIC #5018
VT LIC #057-0002433

 


This page was updated on: Thursday, May 07, 2020 12:40 PM

386 Commercial St
Provincetown, MA

Mortgagee's Sale of Real Estate on Premises
Click here to download the Property Information Package
 


 NEW Auction Date: Wednesday, July 15, 2020 at 2:00 PM




Current Tenant Websites
https://www.thewaterfordinn.com/
https://www.spindlersptown.com/


                                                                                                                         

 

Click on Thumbnails
 

386 Commercial St (392 & 392A), Provincetown, MA

Restaurant and Inn Commercial Property

New Auction Date: Wednesday, July 15, 2020 at 2:00 PM

Previously scheduled for: Friday, May 8, 2020 at 10:00 AM

Previously scheduled for: Friday, March 6, 2020 at 10:00 AM

PROPERTY INFORMATION

Property Address:

386 Commercial St (392 & 392A), Provincetown, MA

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.

https://www.thewaterfordinn.com/

https://www.spindlersptown.com/

Terms:

$50,000.00 non refundable deposit shall be paid in cash or bank cashier's check by the purchaser at the time and place of sale, and the balance to be paid in cash or by certified or bank cashier's check within 30 days of the sale.  All bidders must exhibit said required deposit to the auctioneer immediately prior to the auction sale in order to qualify as a bidder.  Other terms to be announced at the sale. Not a representation or warranty by the auctioneer, mortgagee or their attorney.  Auctioneer not responsible for errors or omissions. AMG Reference #2016

Auction protocols during the coronavirus pandemic:

Social distancing guidelines will be observed.
Unless you arrived together, you are asked to maintain a distance of at least 6 feet from any other person.
All attendees and bidders must wear a face mask.
For your safety and the safety of others, please follow any signage instructions or directions given by the auctioneer.
Masks will be available. We thank you in advance for your cooperation.

Auction Marketing Group

 

Click here to download the Property Information Package

Click here to visit  Provincetown Web Site
 


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