Restaurant with Outdoor
New
For Sale
$1,500,000
114 W Housatonic St, Pittsfield, MA 01201
The sale includes the real estate, furnishings, operating equipment, liquor and lottery licenses, and an existing staff.
Property Size3,500 SF
Price / SF$428.57
Days on Market3
Property Features for 114 W Housatonic St
General Information
Standard status
Active
Size
3,500 SF
Restaurant
Seating Capacity
99
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$13,100
Building Details
Building Size
3,500 SF
Year Built
1900
Listing Agency:
413 REAL ESTATE
Listed By:
Steven Ray · License #9015098
(413) 441-3419
Source:
413realestate
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 413 REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,500-square-foot restaurant was built in 1900 and has since been renovated. The dining setup accommodates 99 guests indoors, with additional outdoor dining. A basement is also part of the property.
The offering combines the real estate with furniture, fixtures, and equipment, as well as liquor and lottery licenses. An existing staff is included in the sale. The property also has an acre of parking.
The offering combines the real estate with furniture, fixtures, and equipment, as well as liquor and lottery licenses. An existing staff is included in the sale. The property also has an acre of parking.
Key Highlights
- 3,500‑square‑foot restaurant building
- Indoor seating for 99, plus outdoor dining
- An acre of parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,319
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,380
$1.1M
Cap Rate 7%
$775,986
$776.0K
Cap Rate 9%
$603,544
$603.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$75.6K $21.60/SF
− Vacancy
−$3.2K −$0.91/SF
EGI
$72.4K $20.69/SF
− OpEx
−$18.1K −$5.17/SF
NOI
$54.3K $15.52/SF
Area
Berkshire County, MA
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,380
Cap Rate 7%
$775,986
Cap Rate 9%
$603,544
Alternative Uses
Best Use
Specialty Retail
$776.0K
$679.0K – $905.3K
NOI $54,319 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$896.7K – $1.20M
NOI $71,736 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,625
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 72%
Shops & Services 18%
Dining 10%
Big Y World Class Market
Groceries
34,829 visits/mo
0.3 miles
Mobil
Shops & Services
5,535 visits/mo
0.4 miles
SUBWAY
Dining
2,415 visits/mo
0.4 miles
Ben & Jerry's
Dining
2,373 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
1,647 visits/mo
0.4 miles
Demographics for 01201, MA
45,494
Population
22,566
Households
2
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
60.4 sq mi
ZIP Area
753
Density / Sq Mi
$68,879
Median Household Income
$43,054
Median Earnings
$1,098
Median Rent
$236,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes the real estate, furnishings, operating equipment, liquor and lottery licenses, and an existing staff.
Where is this conventional restaurant located?
The property is located at 114 W Housatonic St Pittsfield, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,500‑square‑foot restaurant building; Indoor seating for 99, plus outdoor dining; An acre of parking
