Multi-Tenant Retail
For Sale
Contact for pricing
163 South St, Pittsfield, MA 01201
Multi-tenant retail center offering 13,760 SF on 0.89 acres with established tenants.
Property Size13,760 SF
Price / SF$259.30
Days on Market611
Property Features for 163 South St
General Information
Standard status
Active
Size
13,760 SF
Property subtype
RETAIL
Listing Agency:
Lee & Associates | Boston
(978) 476-1223
Listed By:
Mitchell Jacoby · License #02049653
(978) 476-1223
Source:
Moodyscre
Added: Nov 28, 2024
Changed: Jul 26
Last Checked: Aug 1 at 8:32AM
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
Investment Insights
Based on property information with market context.
This multi-tenant retail center consists of approximately 13,760 square feet on 0.89 acres and is offered for sale. Current tenants include O'Reilly Auto Parts, Berkshire Medicine, and Bottomless Bricks.
The property is located in Pittsfield, Massachusetts on South Street at the intersection of Route 20, approximately 0.25 miles from Route 9 (East St.).
The property is located in Pittsfield, Massachusetts on South Street at the intersection of Route 20, approximately 0.25 miles from Route 9 (East St.).
Key Highlights
- Multi‑tenant retail center for sale with 13,760 SF on 0.89 acres
- Currently leased to O'Reilly Auto Parts, Berkshire Medicine, and Bottomless Bricks
- Located in Pittsfield, MA on South Street at the intersection of Rte. 20
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $247.7k | $18.00 |
| − Vacancy | −$10.4k | −$0.76 |
| EGI | $237.3k | $17.24 |
| − OpEx | −$71.2k | −$5.17 |
| NOI | $166.1k | $12.07 |
13,760 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
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.
Property 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center offering 13,760 SF on 0.89 acres with established tenants.
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 for sale with 13,760 SF on 0.89 acres; Currently leased to O'Reilly Auto Parts, Berkshire Medicine, and Bottomless Bricks; Located in Pittsfield, MA on South Street at the intersection of Rte. 20
