105 Bradford Street Ext - Hospitality FOR SALE


Provincetown, MA 02657
$19,500,000 USD
917-696-8952
105 Bradford Street Ext, Provincetown, MA for Sale
$19,500,000 USD
Hospitality - FOR SALE
1/48
null | Request Cap Rate

105 Bradford Street Ext
Provincetown, MA 02657


HIGHLIGHTS

  • 4.2 acres sitting high over Provincetown not in a flood zone
  • Plenty of outdoor seating areas with well maintained grounds
  • Room for growth

OVERVIEW

LONG STANDING INN HIGH ABOVE PROVINCETOWN IN PRIME LOCATION Nestled high on a hill in the coveted west end of Provincetown, Seaglass Inn & Spa stands as a quintessential gem offering unparalleled potential and breathtaking views. Spanning 4.2 acres this 57-room property is ready for its next chapter. With recent upgrades and a range of versatile uses, it’s an exceptional investment opportunity that invites creativity and vision. Included in the offering is 109R Bradford St. Ext., a 1.16 acre lot with bay views and approved building plans. Key Features: • Accommodations: 57 well-appointed guest rooms, several with water views. • Land: 4.2 acres of picturesque terrain, providing ample space for various development opportunities. • Upgrades: Recently installed new roof and many upgraded rooms. • Amenities: Sparkling pool offerins a serene retreat for guests. • Views: Breathtaking sunrises and sunsets - some rooms featuring water views. A building = 8 rooms plus 2 bedroom apartment (10) B building = lobby, 13 rooms plus kitchen/office converted room(14) C building = Housekeeping closets, 17 rooms (17) D building = 14 rooms plus two room spa conversion (16) 57 room total 10 restaurant seats. (20 GPD) Upgrades to property include: D building completely new plumbing, electrical, roof, electrical service, interior sheet rock, Schoolhouse fixtures, walk-in showers with Mincey Marble; vtech telephones, LG tvs, PTAC units; new carpeting, exterior painting. Spa can be converted into ADA two-bedroom suite C building roof, interior sheet rock, new fixtures, 5 new bathroom tiling; vtech telephone; LG tvs, PTAC units; new carpeting, exterior painting B building roof, interior sheet rock, new fixtures, 13 new bathroom tiling; vtech telephones, LG tvs PTAC units; new carpeting, exterior painting. Lobby renovation with ADA bathroom, kitchen and office conversion. Kitchen: 3 bay sink, Blodgett Oven, baking racks, stainless work tables. A building roof, 4 tile floor, 1 new bathroom tiling; vtech telephones, LG tvs, PTAC units; new carpeting 4 rooms, exterior painting. Apartment renovation includes new kitchen/dining room, tile, cabinets, appliances, washer dryer, wood flooring, solid doors, hardware. Large capacity basement storage includes commercial washer, dryer 3 Bedroom House staff housing available to rent in North Truro Opportunities: 1. Inn & Spa Operation: Continue operating this well-loved inn and spa. Enhance guest experience with the current infrastructure or capitalize on recent upgrades to attract high-end clientele. 2. Luxury Destination Development: Elevate the property to a luxurious retreat. Develop high-end accommodations, state-of-the-art amenities, and exclusive services to attract discerning visitors. 3. Single-Family Home Community: Transform the property into a distinguished single-family home community. Utilize the expansive land to create a residential enclave with modern homes that benefit from the unique location and spectacular views. 4. Non-Profit Arts Center: Develop a vibrant cultural hub by converting the property into a non-profit arts center. Foster creativity and community engagement in a scenic setting. Why Seaglass Inn & Spa? • Prime Location: Enjoy privacy and exclusivity while being close to the vibrant heart of Provincetown. • Endless Possibilities: Whether you’re looking to continue the legacy of a cherished inn, create a luxurious getaway, build a community, or cultivate an arts sanctuary, this property offers boundless potential. • Scenic Beauty: Revel in breathtaking sunrises and sunsets and serene surroundings, adding unparalleled value to any envisioned project.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$473 USD /SF

# OF ROOMS

57

PRICE/ROOM

$342,105 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seaglass Inn and Spa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

A

YEAR BUILT

1950

PARKING SPACES

56

LAND DETAILS

LAND ACRES

4.2 AC

LAND SF

182,952 SF

ZONING

Res 1

APN/PARCEL ID

PROV-000006-000001-000025,PROV-000006-000001-000026

ASK ABOUT THIS PROPERTY

Gabrielle HannaGibson Sotheby's International RealtyMore Info
917-696-8952

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Gabrielle HannaGibson Sotheby's International RealtyMore Info
917-696-8952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.