16 MacMillan Pier

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16 MacMillan Pier

Provincetown, MA 02657
Asking Price
$11.70M
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use asset spanning 7,872 square feet of total space
  • Prominent location situated at 16 MacMillan Pier in Provincetown
  • Current asking price for the commercial property is $11,700,000
  • Well-suited for various retail, office, or hospitality business operations
  • Strategically positioned within a highly active coastal tourism market

What's Special

Investors seeking a premier mixed-use asset in Provincetown will find this 7,872-square-foot property at 16 MacMillan Pier a distinct addition to the local portfolio. Positioned in the heart of a historically significant coastal destination, this site benefits from high foot traffic and proximity to the region's active maritime and tourist economy. The waterfront setting offers visibility and accessibility that are central to the appeal of this unique market, which maintains a steady influx of seasonal and year-round visitors. Given the configuration of the space, the building is well-suited for a combination of retail, hospitality, or office uses, providing flexibility for diverse business operations. The property is currently available for purchase at $11,700,000, representing a substantial acquisition in a supply-constrained environment. Prospective buyers can leverage the prominence of this pier location to establish a foothold in a locale characterized by resilient tourism demand and a specialized local commercial landscape.

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NOI
$80,000
Cap Rate
0.68%
DSCR
0.12
Underwater
Cash-on-Cash
-17.51%
Monthly Payment
$57,885.216
Annual Cash Flow
$-614,622.595

Location & Travel Times