Historic building on a generous lot, with gracious brick entry and terraced gardens, this property offers both commercial and residential possibilities. Currently home to Mistralino, a successful and authentic Italian American restaurant with the feel of Tuscany, this property is located in the TCC zone, the heart of Provincetown, one block from MacMillan pier, and accessible from both Commercial and Bradford Streets. Whether enjoying the warmth of the main dining areas, the beauty of the outdoor terraces, or the conviviality of the full service Mistralino Bar, customers return time and again. Other possibilities include conversion to a residential property with up to 4 units, subject to town bylaws and approval. Property is currently licensed for 105 seats, with 3745 gallons, and includes multiple indoor dining spaces, private dining room, beautifully landscaped outdoor dining areas (upper & lower terraces), newly constructed pergola, updated kitchen with walk-in cooler, and recent equipment upgrades - everything needed to continue the successful tradition or to create your own commercial or residential vision. Real estate, business, equipment and goodwill included with sale.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,516,000 | $1,516,000 | $1,516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $452 | $452 | $452 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,089 | $9,833 | $13,206 |
Total Monthly Payment | $9,666 | $10,410 | $13,783 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.