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Property profile & analytics
FOR SALE
Manufacturing properties

151 Fenn St Pittsfield, MA 01201

42,360 SF 0.88 ac lot Built 1900
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US38-1016678
Property summary
AI-generated overview

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 profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1900
Construction FRAME
Total area 42,360 SF
Lot 0.88 ac (38,159 SF)
Zoning code DCD
APN PITT M:H09 B:0015 L:002
UPID US38-1016678
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$985k
Owner & transaction history
Cafua RT 57 LLC · 12 yrs held
Cafua RT 57 LLC
since 2013
1 recorded transaction
2013
$775,000
Zoning & alternative use
DCD · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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