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1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1
  • 3,618 SF
  • Retail
  • $2,650,000 ($732.45/SF)
  • -
Sale Type Investment or Owner User
Sale Status Under Contract
No. Parking Spaces 9
Sale Notes
Exciting opportunity to purchase one of Provincetown's most beloved and popular waterfront restaurants. Operated year-round and owned by the current owner for 23 years, this full service establishment is licensed for 126 seats with a full bar. With a total area of approximately 3,618 sq. ft., including the basement storage, the establishment features three distinct dining rooms. These include a 50-seat room situated directly on the water, another 26-seat area in the bar room, and a street-front room accommodating 50 seats. Nestled in the stable and well-run condominium association of Provincetown's East End, this immaculately maintained and spotlessly clean restaurant comes with exclusive rights to use nine valuable parking spaces on the property. However, it's important to note that this offering does not include the right to use the name ''Fanizzi's.''
Unit Unit Size Condo Use Price NOI
Unit 1 3,618 SF Retail $2,650,000 ($732.45/SF) -

Unit 1

Unit Size
3,618 SF
Condo Use
Retail
Price
$2,650,000 ($732.45/SF)
NOI
-

Unit 1

Unit Size 3,618 SF
Condo Use Retail
Price $2,650,000 ($732.45/SF)
NOI -
Sale Type Investment or Owner User
Sale Status Under Contract
No. Parking Spaces 9
Sale Notes
Exciting opportunity to purchase one of Provincetown&#39;s most beloved and popular waterfront restaurants. Operated year-round and owned by the current owner for 23 years, this full service establishment is licensed for 126 seats with a full bar. With a total area of approximately 3,618 sq. ft., including the basement storage, the establishment features three distinct dining rooms. These include a 50-seat room situated directly on the water, another 26-seat area in the bar room, and a street-front room accommodating 50 seats. Nestled in the stable and well-run condominium association of Provincetown&#39;s East End, this immaculately maintained and spotlessly clean restaurant comes with exclusive rights to use nine valuable parking spaces on the property. However, it&#39;s important to note that this offering does not include the right to use the name &#39;&#39;Fanizzi&#39;s.&#39;&#39;</li></ul>

Property Facts Under Contract

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 9,000 SF
Property Type Retail (Condo)
Property Subtype Storefront Retail/Residential
Building Class C
Floors 3
Typical Floor Size 3,000 SF
Year Built 1900
Lot Size 0.14 AC
Parking Ratio 1.78/1,000 SF
Opportunity Zone Yes
Zoning RES3

Amenities

  • Waterfront
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
  • Listing ID: 31602856

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: 539 Commercial St, Provincetown, MA 02657

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