437 Commercial Street | Provincetown MA

PROVINCETOWN

437 Commercial Street

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Poor Richard's Landing Welcome to Poor Richard's Landing, a very rare offering on the waterfront in Provincetown's East End gallery district. The property comprised of four buildings, including two wharves, embodies a deep and rich history in Provincetown as a gathering place for artists and writers over the past century including Eugene O'Neill, Sinclair Lewis, Tennessee Williams and Michael Cunningham, to name a few.

There are eleven residential units (8 seasonal and 3 year-round) plus 2 gallery spaces. The units reflect the property's history with abundant rustic character, including exposed beams, original wood floor, barnboard walls, and multi paned windows with water views all around. The wharf cottages, as the accommodations are called, are immaculately kept by the present ownership, and the property operates as a predominantly successful seasonal lodging establishment. The street side building has a commercial rental (gallery) on the first floor, and two year-round apartments above it, one a 2BR, and one a 1BR. A second gallery space is currently vacant, and has another year-round 1BR in the same building. The east wharf was raised and the piers fortified a few years ago, and the owners have a building permit in hand for the new owners to raise and rebuild the west wharf to FEMA standards.

This special property awaits its next steward to continue and preserve its history as a magical destination and an art world landmark.

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Property Details 4 Buildings

13 Units

1,248 Sq. Ft.

$15,252.84 Taxes/Year

$3,995,000 Price

Waterfront Magical

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Emily Flax Senior Broker Associate 508.648.6991 Emily.Flax@GibsonSIR.com

D et a i l s

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