For Sale
$9,150,000

457 Dalton Ave Pittsfield, MA 01201

High-yield shopping center, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 77,820-square-foot regional shopping center, located at 457 Dalton Ave in Pittsfield, Massachusetts (01201), presents a compelling investment opportunity. The property boasts a strong 6.86% capitalization rate and a substantial net operating income (NOI) of $628,128. Currently, the center is anchored by a significant 33,000-square-foot Big Lots store, providing excellent stability and drawing power. An additional 30,000 square feet of space is leased to a local medical group, further diversifying the tenant mix and ensuring consistent revenue streams. The asking price for this well-positioned asset is $9,150,000, translating to a price per square foot of $117.58. Situated on a 6-acre lot, the center offers ample parking for customers and employees, contributing to its high traffic counts and overall appeal. The property benefits from an assumable mortgage, streamlining the acquisition process for potential buyers. This prime retail location in Berkshire County provides exceptional visibility and accessibility, making it an ideal investment for those seeking a stable, high-performing commercial property with significant upside potential. The property's size and established tenant base make it a particularly attractive opportunity in the competitive Pittsfield market.

Highlights

  • 6.86% Cap Rate.
  • Assumable Mortgage.
  • Prime Pittsfield, MA retail location.
  • 77,820 SF regional shopping center.
  • High traffic counts with ample parking.
  • 6-acre lot.

Property Details for 457 Dalton Ave

Property type
Lifestyle centers, Power centers
Square Feet
77,820 SF
Lot Size (sq. ft)
261,360 SF

Location Insight

City
Pittsfield
County
Berkshire
State
Massachusetts
Latitude
42.4647892
Longitude
-73.2149178

FAQs

What type of property is this?
Lifestyle center - High-yield shopping center, prime location.
Where is the lifestyle center located?
The property is located at 457 Dalton Ave Pittsfield, MA.
What is the asking price?
The asking price for this property is $9,150,000.
What are key features of this property?
This property features: 6.86% Cap Rate.; Assumable Mortgage.; Prime Pittsfield, MA retail location.
How can I contact the broker?
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457 Dalton Ave
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