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Property profile

155 Elm St Pittsfield, MA 01201

OFF-MARKET
Retail space
Property ID
US38-0647172
View Sample
6,257 SF 0.39 ac lot Built 1920
Entity Owned 13-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional offering presents a unique opportunity to acquire a thriving convenience store and its accompanying building, strategically located on a corner lot at 155 Elm Street in Pittsfield, Massachusetts. The 0.39-acre property boasts excellent visibility and high traffic volume due to its position at the intersection of two major streets. The well-established "Elm St Convenience" store has been successfully operating since 1998, offering a proven track record and immediate cash flow. The sale includes the business, its fixtures, and the building itself. Key assets include a valid lottery license, a seasonal liquor license, and the recently added Keno license, providing diverse revenue streams. The property also features a sizable attached garage, currently unused, presenting significant potential for expansion, additional storage, or even redevelopment. This versatile space allows for creative adaptation to meet evolving business needs or explore alternative uses. The business operates seven days a week, demonstrating consistent customer demand and a strong foundation for continued success. This is an exceptional opportunity to own a profitable business in the desirable Berkshires region, offering both immediate income and significant long-term growth potential. The property's prime location and diverse revenue streams make this a truly compelling investment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction STEEL FRAME
Total area 6,257 SF
Lot 0.39 ac (17,163 SF)
Zoning code BG
APN PITT M:I08 B:0021 L:001
UPID US38-0647172

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Grocery & Convenience Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2012
1 recorded transaction
2012
$140,000

Zoning & alternative use

BG · Pittsfield, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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