Seaglass Inn and Spa | 105 Bradford Street Ext
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Seaglass Inn and Spa 105 Bradford Street Ext
57 Room Hotel Provincetown, MA 02657 $23,810,000 ($417,719/Room)
Investment Highlights
- 4.2 acres sitting high over Provincetown not in a flood zone
- Room for growth
- Plenty of outdoor seating areas with well maintained grounds
Executive Summary
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.
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.
Property Facts
| Price | $23,810,000 | No. Rooms | 57 |
| Price Per Room | $417,719 | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1950/2021 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.6/1,000 SF |
| Building Class | A | Corridor | Exterior |
| Lot Size | 4.20 AC | Opportunity Zone |
Yes
|
| Building Size | 41,225 SF |
| Price | $23,810,000 |
| Price Per Room | $417,719 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 4.20 AC |
| Building Size | 41,225 SF |
| No. Rooms | 57 |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2021 |
| Tenancy | Single |
| Parking Ratio | 2.6/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- Balcony
- Pool
- Spa
- High Speed Internet Access
- Patio
- Destination Resort
- Bed & Breakfast
- Wedding Venue
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $254.00 | 650 |
| Guest Room | 55 | $189.00 | 350 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,137,600 | |
| Land Assessment | $3,186,100 | Total Assessment | $7,323,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,186,100
Improvements Assessment
$4,137,600
Total Assessment
$7,323,700
zoning
| Zoning Code | Res 1 (Ability to build single family homes (up to 10). With special permission, may be able to use inclusionary by-laws.) |
| Res 1 (Ability to build single family homes (up to 10). With special permission, may be able to use inclusionary by-laws.) |
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Seaglass Inn and Spa | 105 Bradford Street Ext
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