457 Dalton Ave Pittsfield, MA 01201

Property Details for 457 Dalton Ave

Lot size

6.00 lot acres

Property size

77,820 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 77,820-square-foot regional shopping center, located at 457 Dalton Ave in Pittsfield, Massachusetts (01201), presents a compelling investment opportunity. The property boasts a strong 6.86% capitalization rate and a substantial net operating income (NOI) of $628,128. Currently, the center is anchored by a significant 33,000-square-foot Big Lots store, providing excellent stability and drawing power. An additional 30,000 square feet of space is leased to a local medical group, further diversifying the tenant mix and ensuring consistent revenue streams. The asking price for this well-positioned asset is $9,150,000, translating to a price per square foot of $117.58. Situated on a 6-acre lot, the center offers ample parking for customers and employees, contributing to its high traffic counts and overall appeal. The property benefits from an assumable mortgage, streamlining the acquisition process for potential buyers. This prime retail location in Berkshire County provides exceptional visibility and accessibility, making it an ideal investment for those seeking a stable, high-performing commercial property with significant upside potential. The property's size and established tenant base make it a particularly attractive opportunity in the competitive Pittsfield market.

Location Insight

City

Pittsfield

County

Berkshire

State

Massachusetts

Longitude

-73.2149

Latitude

42.4648