For $14 Million, You Could Own Provincetown’s Iconic Lobster Pot Restaurant

The Lobster Pot has been a staple of Cape Cod’s seafood scene for over 40 years. Now it’s for sale.

By Katherine Keenan

Feb 14 2023


The jaunty facade of the Lobster Pot, a Provincetown landmark since 1979.

Photo Credit : Elizabeth Cecil

Ever dreamed of owning one of New England’s iconic seafood shacks? Here’s your chance: The Lobster Pot, a Cape Cod cornerstone since 1979 and one of the oldest and most beloved dining establishments in Provincetown, Massachusetts, is up for sale.

Every summer for over forty years, salty-haired tourists have flocked from the beach straight to the Lobster Pot’s neon beacon in search of fresh seafood. Historically the restaurant has served a wide array of foods, with a menu described on their website as featuring “the finest and freshest in seafood, Portuguese specialties, steaks, poultry, vegetarian and light fare.”

The dune-filled landscape at Provincetown’s Race Point Beach, bathed in a dreamy Cape light.
Photo Credit : Elizabeth Cecil

As noted in the restaurant’s Premier Commercial real estate listing, the .07 acre waterfront lot is located at 321 Commercial Street in the center of Provincetown’s business district. Despite its famously quaint facade, the building boasts 8,293 square feet which include multiple dining rooms, bars, and two levels of waterfront dining.

Given its decades-long run in the New England restaurant scene, its also no wonder this seafood shack has shaken hands with fame. Anthony Bourdain famously frequented The Lobster Pot when he was living in Provincetown and even reportedly worked a dishwashing shift at the Lobster Pot before cutting his teeth on kitchen work in the now-defunct nearby restaurant, the Flagship.

Spring Weekend in Provincetown, Massachusetts
A view down the town’s main drag, Commercial Street.
Photo Credit : Elizabeth Cecil

The Lobster Pot’s operations have been overseen by the McNulty family since its inception in 1979. However, that era will soon end: the sale doesn’t only include the building and land, but also the business, equipment, improvements and brand. When current owner Tim McNulty talked to WCVB about the sale he expressed his commitment to finding the right person to take over the job: “We want it to stay The Lobster Pot, and we want it to be a seamless transition so we can keep everybody that wants jobs, just as they always have.”

The Lobster Pot is listed at $14,000,000. For more information, email or call 508-815-5700.