179 South StPittsfield, MA 01201

Property Details for 179 South St

Year built

1948

Lot size

0.42 AC

Property size (Sq ft)

2,320 SF

Property type

Retail properties

Description

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.

Location Insight

City

Pittsfield

County

Berkshire

State

Massachusetts

Latitude

42.444

Longitude

-73.2547

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].