For more information on this property,
contact Patrick Foran at 508-385-1355 or pforan@foranrealty.com
321
Commercial Street,
Provincetown,
Massachusetts
MA
02657
Price: $14,000,000
Listing ID 22300160
Status Active
SqFt 8,293
Acres 0.070
Year Built 1900
Property Description:
The waterfront restaurant branded as THE LOBSTER POT of Provincetown is for sale. The sale includes the land, buildings, business, equipment, improvements and brand. This iconic business has been the hospitality staple in Town since 1979. The Lobster Pot is a Provincetown Tradition and the iconic neon lobster sign has guided generations of guests through the door. People come from around the world to experience fresh seafood, an amazing view of Provincetown Harbor and outstanding Cape Cod hospitality! The McNulty family took over operations in 1979 with the goal of providing an authentic Cape Cod dining experience in a comfortable setting. Focused on quality food and supported by outstanding service, the Lobster Pot is an institution like no other and part of what makes Provincetown so special. Located in the center of town, the .07 acre lot is improved by a 8,293SF building that enjoys multiple dining rooms and numerous bars on two levels of waterfront dining. The business is in the top 0.5% of restaurants in the USA. This offering has it all including but not limited to location, brand, business, frontage, signage and financials. Consider this amazing waterfront investment!
Primary Features
County:
Barnstable
Price/SqFt:
1688.17
Property Sub Type:
Restaurant
Year Built:
1900
Zoning:
TCC
Interior
Appliances:
Electric Water Heater, Water Heater
Basement:
Cape Cod, Interior Entry, Other, Partial
Below Grade Finished Area Units:
Square Feet
Building Area Units:
Square Feet
Cooling:
yes
Cooling Type:
Central Air, Wall Unit(s)
Flooring:
Carpet, Laminate, Tile
Heating:
yes
Heating Type:
Baseboard, Hot Water
Living Area Units:
Square Feet
Rooms Total:
7
Stories:
2
External
Construction Materials:
Clapboard, Shingle Siding, Sheet Rock, Frame
Distance To Shopping Comments:
Convenient To Shopping
Exterior Features:
Sign
FEMA Flood Zone:
AE
Flood Insurance Required:
Yes: verify w/insurance agent
Foundation Details:
Poured
Garage:
no
Lot Features:
In Town Location, Marina, Shopping, Level
Lot Size Area:
0.07
Lot Size Source:
Owner
Lot Size Square Feet:
3049
Lot Size Units:
Acres
Number Of Buildings:
1
Number Of Units Total:
8
Open Parking:
no
Parking Features:
None
Roof:
Pitched
Sewer:
Public Sewer
Water Body 1:
Provincetown Harbor
Water Body Name:
Provincetown Harbor
Water Body View:
Provincetown Harbor
Water Source:
Public
Water View:
Yes
Water View Type:
Bay
Window Features:
Display Window(s)
Location
Building Name:
Building Name: LOBSTER POT
Country:
US
Directions:
Bradford Street to Commercial Street to 321 Commercial Street, Provincetown, Cape Cod, MA, USA
Region:
Outer Cape
Township:
Provincetown
Waterfront:
yes
Waterfront Features:
Bay, Beach Front, Other - See Remarks
Waterview Type:
Bay/Harbor
Additional
Approval Status:
MLS Approved
Beach Description:
Bay, Other - See Remarks
Building/Business: Business Operating:
Yes
Building/Business: Conforming Use:
Yes
Business Includes:
Business Name, Equipment, Goodwill, Other - See Remarks, Owner Training
Business Type:
Business w/Real Est, Retail
Buyer Agency Compensation:
3.00
Compensation Disclaimer:
A listing broker’s compensation offer is a dollar or percent of the gross or net sale price offered to a broker who participates in the MLS where the listing is filed and procures the buyer for a successful transaction. The offer is not extended to non-MLS brokers. The non-MLS broker may negotiate compensation with their client or directly with the listing broker prior to an offer being submitted.
Current Use:
Restaurant, Waterfront Restaurant
Documents Count:
1
Dual Variable Compensation:
no
Lead Base Paint:
Unknown
Mass Use Code:
10 - Multiple Use Property
Mls Status:
Active
Property Condition:
Updated/Remodeled
Property Type:
Commercial Sale
Seasonal:
Year Round
Title Reference - Page:
115518
Transaction Broker Compensation:
3.00
Year Built Effective:
2020
Financial
Beach Ownership:
Other - See Remarks, Private, Public
Building Assessments:
1262900
First Month Required:
No
Land Assessments:
2360200
Other Assessments:
2300
Special Listing Conditions:
None
Tax Annual Amount:
20664
Tax Assessed Value:
3625400
Tax Book Number:
193134
Tax Year:
2023
Zoning Info
Contact
Patrick Foran
Dennis, MA 02638
Phone: 508-385-1355
Fax: 508-385-7308
Data services provided by IDX Broker
