The waterfront restaurant branded as THE LOBSTER POT of Provincetown is for sale. The sale includes the land, buildings, business, equipment, improvements and brand. This iconic business has been the hospitality staple in Town since 1979. The Lobster Pot is a Provincetown Tradition and the iconic neon lobster sign has guided generations of guests through the door. People come from around the world to experience fresh seafood, an amazing view of Provincetown Harbor and outstanding Cape Cod hospitality! The McNulty family took over operations in 1979 with the goal of providing an authentic Cape Cod dining experience in a comfortable setting. Focused on quality food and supported by outstanding service, the Lobster Pot is an institution like no other and part of what makes Provincetown so special. Located in the center of town, the . 07 acre lot is improved by a 8, 293SF building that enjoys multiple dining rooms and numerous bars on two levels of waterfront dining. The business is in the top 0. 5% of restaurants in the USA. This offering has it all including but not limited to location, brand, business, frontage, signage and financials. Consider this amazing waterfront investment!
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$14,000,000
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 | $11,200,000 | $11,200,000 | $11,200,000 |
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 | $1,722 | $1,722 | $1,722 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $67,150 | $72,643 | $97,564 |
Total Monthly Payment | $68,997 | $74,490 | $99,411 |
* 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.