783 Main St Great Barrington, MA 01230-2005

Property Details for 783 Main St

Year built

1930

Lot size

0.39 lot acres

Property size

1,850 SF

Zone code

B2

Property type

Investment properties

Property subtype

Live-work space

APN

GREA M:025.0 B:0000 L:0010.0

APU

GREAM0250B0000L00100

Description

This exceptional investment opportunity presents a 3,148 square foot, three-story retail storefront located at 783 Main Street, Great Barrington, MA 01230. The property, situated on a 0.394-acre lot, features 14 parking spaces and is zoned B-2. Currently leased to a cannabis dispensary under a triple-net (NNN) lease, the property boasts a strong financial performance with a current NOI of $67,500 and a pro-forma NOI of $65,000. The lease commenced on November 30, 2019, and has a remaining term of five years, with two five-year renewal options. The lease includes annual rent bumps of 3 percent. The building underwent renovations in 2020 and is in excellent condition, meeting current energy construction codes and cannabis-related build-out requirements, including high security, upgraded electrical and plumbing systems, and handicap accessibility. This prime location directly across from Guido's on a busy highway offers high visibility and strong foot traffic. The asking price is $995,000, representing a price per square foot of $316.07. Financial details are available upon request with the completion of a non-disclosure agreement. This is a rare opportunity to acquire a high-performing, long-term net lease property in a desirable location.