For Sale
$1,200,000

179 South St Pittsfield, MA 01201

Prime Pittsfield location, 2 national tenants.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 2,320 square foot retail building located at 179 South Street in Pittsfield, Massachusetts. The property, built in 1948 and renovated in 1999, boasts a prime location on a 0.42-acre corner lot directly on Route 7, a major county highway, offering excellent visibility and accessibility. The building features 15 convenient parking spaces directly in front. Currently housing two national franchise tenants—a Ben & Jerry's and a Subway—this property offers a 100% occupancy rate with absolute NNN leases providing a stable and predictable income stream. The multi-tenant building generates a Net Operating Income (NOI) of $88,000, resulting in a 7.00% cap rate. The leases are long-term (25 years), include rent bumps, and are considered true turnkey investments. The property is zoned for business use and comprises a single story with 2 units. Financial documentation, including P&L statements, rent rolls, lease schedules, and tenant lease copies, are available upon request with a signed confidentiality agreement. This is a rare opportunity to acquire a well-established, high-performing investment property in a desirable location.

Highlights

  • Investment-grade property with long-term national franchise tenants.
  • NNN leases offer passive income and minimal management responsibilities.
  • Turnkey investment opportunity.
  • Financial statements, rent roll, lease schedule, and property documents available upon request with signed NDA.

Property Details for 179 South St

Property type
Retail properties
Square Feet
2,320 SF
Year Built/Renovated
1948/1999
Stories
1
Lot Size (sq. ft)
18,295 SF
Units
2

Location Insight

City
Pittsfield
County
Berkshire
State
Massachusetts
Latitude
42.4439539
Longitude
-73.2547261

FAQs

What type of property is this?
Retail property - Prime Pittsfield location, 2 national tenants.
Where is the retail property located?
The property is located at 179 South St Pittsfield, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Investment-grade property with long-term national franchise tenants.; NNN leases offer passive income and minimal management responsibilities.; Turnkey investment opportunity.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
179 South St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message