For Sale
$2,925,000

20 Housatonic St Pittsfield, MA 01201

Berkshires Hotel: 26 Suites, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 26-suite hotel, located at 20 W Housatonic St, Pittsfield, MA 01201, presents a unique investment opportunity in the heart of the Berkshires. The property, encompassing 13,000 square feet across three, two-story buildings on a 1.85-acre lot, underwent a complete renovation in 2023. Originally constructed in 1986, the inn boasts 26 condo-like suites, each featuring a full kitchen, catering to a diverse clientele including business travelers, leisure guests, and long-term residents. The suites are equipped with king, queen, and double beds, offering flexibility and comfort. Its prime location in Pittsfield, within easy reach of Lenox, Stockbridge, Tanglewood, and Lee, ensures high occupancy rates and strong revenue potential. The property benefits from its location in a Federal Opportunity Zone, providing significant tax advantages. The inn's efficient design and high occupancy allow for minimal staffing requirements, making it ideal for owner-operators or remote management. This turnkey operation offers a compelling entry point into the extended-stay market within a thriving cultural hub. The property is zoned RM and offers a blend of transient and extended-stay guests, creating a consistent revenue stream. The asking price is $2,925,000.

Highlights

  • 26 units: King, Queen, and double suites, all with full kitchens.
  • Excellent location near Tanglewood, Stockbridge, Lenox, and Lee in the Berkshires.
  • Condo-style suites perfect for short-term or long-term rentals.
  • Diverse guest base including business travelers, leisure travelers, and seniors.
  • High occupancy and strong rental rates with significant sales and marketing potential.
  • Ideal investment for first-time buyers or portfolio expansion.

Property Details for 20 Housatonic St

Property type
Hospitality properties, Motels
Square Feet
13,000 SF
Year Built/Renovated
1986/2023
Buildings
3
Stories
2
Lot Size (sq. ft)
80,586 SF

Location Insight

City
Pittsfield
County
Berkshire
State
Massachusetts
Latitude
42.4456193
Longitude
-73.2557804

FAQs

What type of property is this?
Hospitality property - Berkshires Hotel: 26 Suites, High Occupancy
Where is the hospitality property located?
The property is located at 20 Housatonic St Pittsfield, MA.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: 26 units: King, Queen, and double suites, all with full kitchens.; Excellent location near Tanglewood, Stockbridge, Lenox, and Lee in the Berkshires.; Condo-style suites perfect for short-term or long-term rentals.
How can I contact the broker?
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20 Housatonic St
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