Office Building with Parking
60 Cottage Great Barrington, MA 01236
60 Cottage, Great Barrington, MA, 01236
$595,000
For Sale
$595,000
Office building configured for professional use, with major capital upgrades and a large on-site parking lot.
Property Size2,103 SF
Price / SF$282.93
Days on Market93
Property Features for 60 Cottage
General Information
- Standard status
- Active
- Size
- 2,103 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
STONE HOUSE PROPERTIES,LLC
Listed by
Timothy Gallagher
(413) 458-5000
Source
Harschrealestate
Added: Apr 21 Updated: Jul 22 at 4:28AM Checked: Jul 22 at 4:28AM
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 STONE HOUSE PROPERTIES,LLC
Investment Insights
Based on property information with market context.
This office building was previously utilized for professional offices serving mental health services, and it is configured for continued office use. Capital improvements include a newer boiler, newer hot water heater, a fully monitored smoke and CO detection system, and replacement of all windows.
The property is positioned within walking distance to downtown Great Barrington and sits on over one acre of land. It includes a large on-site parking lot designed to support convenient access for staff and visitors.
With its existing professional office layout and the completed building systems and envelope upgrades, the property offers a workable foundation for an owner seeking continued office operations.
The property is positioned within walking distance to downtown Great Barrington and sits on over one acre of land. It includes a large on-site parking lot designed to support convenient access for staff and visitors.
With its existing professional office layout and the completed building systems and envelope upgrades, the property offers a workable foundation for an owner seeking continued office operations.
Key Highlights
- Office building built in 1920, configured for professional use
- Capital improvements include a newer boiler, newer hot water heater, and all windows replaced
- Fully monitored smoke and CO detection system installed
Local Financial Insights For Healthcare Medical
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 | $63.1k | $30.00 |
| − Vacancy | −$12.4k | −$5.88 |
| EGI | $50.7k | $24.12 |
| − OpEx | −$20.3k | −$9.65 |
| NOI | $30.4k | $14.47 |
2,103 SF · lease $30.00/SF/yr · vacancy 19.60% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$434.8K
$380.4K – $507.3K
NOI $30,435 @ 7.0% cap · market cap 5.12%
Second Best
Office B
$391.3K
$342.4K – $456.5K
NOI $27,391 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$615.8K
$538.8K – $718.4K
NOI $43,103 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building configured for professional use, with major capital upgrades and a large on-site parking lot.
Where is this office building located?
The property is located at 60 Cottage Great Barrington, MA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Office building built in 1920, configured for professional use; Capital improvements include a newer boiler, newer hot water heater, and all windows replaced; Fully monitored smoke and CO detection system installed
