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    151 Fenn St Pittsfield, MA 01201

    Sponsored
    For Sale
    $2,200,000

    Prime .88-acre retail land, $2.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional .88-acre commercial lot, located at the high-traffic corner of Fenn and First Streets in Pittsfield, Massachusetts' vibrant Downtown Creative District, presents a unique investment opportunity. Priced at $2,200,000, this property boasts a land value of $57.67 per square foot. Built in 1900, the lot encompasses 38,146 square feet and is zoned BG Comm, allowing for several permitted uses. Its prime city corner location offers excellent visibility and accessibility. The property has previously received approval for a national brand tenant, demonstrating its suitability for high-profile commercial development. This is an ideal site for entrepreneurs and developers seeking a prominent location within a thriving urban area. The property's history and location within the creative district offer a unique blend of established character and modern potential. This is a rare opportunity to acquire a substantial parcel in a desirable and rapidly developing downtown area. The substantial lot size provides ample space for a variety of development projects, catering to diverse commercial needs. The property's strategic location ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in the Pittsfield market. The existing zoning allows for flexibility in development plans, maximizing the potential return on investment.

    Property Features for 151 Fenn St

    General Information

    Property type
    Land
    Lot Size
    38,333 SF

    Building Details

    Year Built
    1900

    HighLights

    • $2,200,000 asking price.
    • .88‑acre lot in Pittsfield, MA.
    • Retail and land property, built in 1900.
    • BG Comm zoning allows multiple uses.
    • Prime downtown corner location in the Creative District.
    • Previously approved for a national brand tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2502584
    Latitude
    42.4500897

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    FAQs

    What type of property is this?
    Land - Prime .88-acre retail land, $2.2M
    Where is this land located?
    The property is located at 151 Fenn St Pittsfield, MA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price.; .88-acre lot in Pittsfield, MA.; Retail and land property, built in 1900.
    Request Owner's contact information
    151 Fenn St Pittsfield, MA 01201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    151 Fenn St Pittsfield, MA 01201
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