179 1st St
5,203 SF 100% Leased Office Building Pittsfield, MA 01201 $225,000 ($43/SF)



INVESTMENT HIGHLIGHTS
- On Street/Off Street Parking
- Mixed use commercial and residential upstairs
- Beautiful Woodwork
EXECUTIVE SUMMARY
A distinctive property that is perfect for investors as well as businesses interested in owner occupied. You can stop leasing and let the upstairs apartment revenue offset your costs. This property combines both street level commercial as well as a well-cared for bright, spacious and beautiful 2nd floor residential unit with 3 oversized bedrooms, large kitchen with washer/dryer hookups and bright, clean bathroom. Property is situated in a prime location in the downtown district, one block from North Street. The parcel is enhanced by convenient off-street parking, ensuring ease of access for both residents and visitors.
The interior showcases stunning hardwood floors, original woodwork detail, high ceilings and decorative windows that helps create a light-filled environment which not only reflects the property's character but also contribute to its overall timeless charm. On a practical level, each unit has separate utilities, with newer heating systems and water heaters. The commercial unit gives the new occupant an opportunity to customize and build out the space to meet business needs, while the upstairs residential unit, while currently rented, is clean, bright and is in turnkey condition.
In addition, the upper most attic space presents an excellent opportunity for additional development, whether for storage or further customization. This property stands out as a remarkable opportunity for those seeking a blend of residential comfort and commercial viability.
The interior showcases stunning hardwood floors, original woodwork detail, high ceilings and decorative windows that helps create a light-filled environment which not only reflects the property's character but also contribute to its overall timeless charm. On a practical level, each unit has separate utilities, with newer heating systems and water heaters. The commercial unit gives the new occupant an opportunity to customize and build out the space to meet business needs, while the upstairs residential unit, while currently rented, is clean, bright and is in turnkey condition.
In addition, the upper most attic space presents an excellent opportunity for additional development, whether for storage or further customization. This property stands out as a remarkable opportunity for those seeking a blend of residential comfort and commercial viability.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,203 SF
Building Class
C
Year Built
1897
Price
$225,000
Price Per SF
$43
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,734 SF
Building FAR
0.80
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
DCD - Department of Community Development
Parking
6 Spaces (1.15 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
Parcel Number | PITT-000010H-000005-000005 | Improvements Assessment | $150,000 |
Land Assessment | $42,700 | Total Assessment | $192,700 |