For Sale
$1,300,000

168 Main StGreat Barrington, MA 01230

High-Cap Rate, Multi-Tenant Office

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A, multi-tenant office building in downtown Great Barrington, MA, presents a compelling investment opportunity. The 6,121 square foot property, built in 1900 and situated on a 0.48-acre lot, boasts a 7.08% cap rate and a net operating income (NOI) of $92,067. Currently 100% occupied by four franchisee tenants under a triple-net (NNN) lease, this turnkey investment offers long-term stability and significant upside potential. The building features two stories, updated utilities, and well-maintained interiors with high ceilings, diverse flooring (wood, tile, and carpet), and exposed beams in the upper units. Its prime location on Main Street provides excellent visibility and ample off-street parking. The asking price is $1,300,000, translating to $212.38 per square foot and $325,000 per unit. This property is ideal for investors seeking a stable, high-performing asset in a thriving downtown location. The building's attractive features, coupled with its strong tenant base and desirable location, make it a truly exceptional investment opportunity. Within walking distance of all downtown amenities, this property offers a blend of historical charm and modern functionality.

Highlights

  • $1,300,000 asking price for a 6,121 square foot Class A office building.
  • Net lease investment opportunity with a 7.08% cap rate and $92,067 annual NOI.
  • 100% occupancy with four NNN tenants, including a franchisee.
  • Located at 168 Main St, Great Barrington, MA 01230, on a 0.48-acre lot.
  • Two-story building, built in 1900, offering creative, executive, and medical office spaces.

Property Details for 168 Main St

Property type
Office properties, Medical offices
Square Feet
6,121 SF
Class
A
Year Built
1900
Buildings
1
Stories
2
Lot Size (sq. ft)
20,909 SF
Units
4

Location Insight

City
Great Barrington
County
Berkshire
State
Massachusetts
Latitude
42.198136532226
Longitude
-73.361233863469
168 Main St, Great Barrington, Massachusetts

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168 Main St
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