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700 South St 140,000 SF 100% Leased Office Building Pittsfield, MA 01201 For Sale
INVESTMENT HIGHLIGHTS
- Prominent presence along Route 7 (South St) corridor
- Large, wooded parcel sited between a country club and a ski resort
- Opportunity for additional development footprint
- Well-maintained by on-site facilities staff
- Ample parking with 440 surface spaces available
EXECUTIVE SUMMARY
The Property is located within Berkshire County on South Street (Route 7), adjacent to Routes 9 and 20, and just 10 miles from Interstate 90. The offering consists of two office buildings totaling 132,000 RSF and one accessory building of 8,000 RSF, sited on approximately 46.35 acres. The area is beloved for its outdoor activities and its celebration of the arts. Residents and visitors enjoy hiking, skiing and golf, as well as music and arts festivals, antiquing and visits to nearby towns of Lenox, Stockbridge and Lee.
The existing improvements include a full cooking cafeteria, meeting and function rooms and built out administrative office space, all located on the first floor.
This offering provides an investor or developer the opportunity to purchase an office building owned, currently occupied and well maintained by a single corporation with plans to deliver vacant.
Potential Uses Include (Feasibility study for each available in Brochure)
1. Office Building
2. Senior Living: independent living, assisted living, private care, healthcare
3. Hotel/Conference Center: hospitality, dining, banquet hall, entertainment, fitness
4. School
The existing improvements include a full cooking cafeteria, meeting and function rooms and built out administrative office space, all located on the first floor.
This offering provides an investor or developer the opportunity to purchase an office building owned, currently occupied and well maintained by a single corporation with plans to deliver vacant.
Potential Uses Include (Feasibility study for each available in Brochure)
1. Office Building
2. Senior Living: independent living, assisted living, private care, healthcare
3. Hotel/Conference Center: hospitality, dining, banquet hall, entertainment, fitness
4. School
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
140,000 SF
Building Class
B
Year Built
1980
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
35,000 SF
Slab To Slab
13’
Building FAR
0.07
Lot Size
46.35 AC
Zoning
R43 - R-43 permits office, single-family residential or senior housing with special “Dan Fox corridor” overlay district
Parking
420 Spaces (3 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | PITT-000004H-000001-000001 | Improvements Assessment | $7,002,205 CAD |
| Land Assessment | $1,860,527 CAD | Total Assessment | $8,862,732 CAD |
PROPERTY TAXES
Parcel Number
PITT-000004H-000001-000001
Land Assessment
$1,860,527 CAD
Improvements Assessment
$7,002,205 CAD
Total Assessment
$8,862,732 CAD
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700 South St
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