Retail Center on South
163 South St, Pittsfield, MA 01201
For Sale
$3,568,000
Multi-tenant retail center in Pittsfield, MA for sale.
Property Size13,760 SF
Price / SF$259.30
Days on Market429
Property Features for 163 South St
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates | Boston
Listed By:
Mitchell Jacoby, MCR
(978) 476-1223
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:40AM
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 Lee & Associates | Boston
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 multi-tenant retail center, situated on 0.89 acres, offers approximately 13,760 square feet of space. The property is located on South Street in Pittsfield, Massachusetts, at the intersection of Route 20, and is approximately 0.25 miles from Route 9 (East Street). Current tenants include O'Reilly Auto Parts, Berkshire Medicine, and Bottomless Bricks.
Key Highlights
- Multi‑tenant retail center providing immediate income stream.
- Located on South Street at the intersection of Rte. 20, a high‑traffic area.
- Includes established tenants: O'Reilly Auto Parts, Berkshire Medicine, and Bottomless Bricks.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,094
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,321,880
$3.3M
Cap Rate 7%
$2,372,771
$2.4M
Cap Rate 9%
$1,845,489
$1.8M
Market Conditions
NOI Build-Up for 13,760 SF
Gross rent
$247.7K $18.00/SF
− Vacancy
−$10.4K −$0.76/SF
EGI
$237.3K $17.24/SF
− OpEx
−$71.2K −$5.17/SF
NOI
$166.1K $12.07/SF
Area
Berkshire County, MA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,321,880
Cap Rate 7%
$2,372,771
Cap Rate 9%
$1,845,489
Alternative Uses
Best Use
Retail
$2.37M
$2.08M – $2.77M
NOI $166,094 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.03M
$3.53M – $4.70M
NOI $282,025 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,923
Businesses Nearby
83k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 42%
Shops & Services 11%
Big Y World Class Market
Groceries
34,829 visits/mo
0.3 miles
Burger King
Dining
17,254 visits/mo
0.3 miles
Dunkin' Donuts
Dining
16,594 visits/mo
0.4 miles
Berkshire Bank
Shops & Services
6,157 visits/mo
0.4 miles
SUBWAY
Dining
2,415 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center in Pittsfield, MA for sale.
Where is this shopping center located?
The property is located at 163 South St Pittsfield, MA.
What is the asking price?
The asking price for this property is $3,568,000.
What are key features of this property?
This property features: Multi‑tenant retail center providing immediate income stream.; Located on South Street at the intersection of Rte. 20, a high‑traffic area.; Includes established tenants: O'Reilly Auto Parts, Berkshire Medicine, and Bottomless Bricks.
