20 W Housatonic St - Hospitality FOR SALE


Pittsfield, MA 01201
$2,925,000 USD
617-610-7774
20 W Housatonic St, Pittsfield, MA for Sale
$2,925,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

20 W Housatonic St
Pittsfield, MA 01201


HIGHLIGHTS

  • 26 Units: King, Queens and Double Suites; full kitchens in all Suites
  • Close to Tanglewood, Stockbridge, Lenox and Lee in the Berkshires!
  • Condo-like apartments, ideal for a week, month or a year!
  • Excellent customer mix: business, leisure, transient and senior
  • High occupancy & solid rates; strong sales & marketing potential
  • Great opportunity for first time buyer or to add to hotel portfolio

OVERVIEW

Muroff Hospitality Group presents The Central Downtown Inn & Suites, located in the heart of Pittsfield, Massachusetts, in the beautiful Berkshires. Nestled in a region known for its vibrant arts, stunning natural beauty, and year-round cultural attractions, this property is positioned in a Federal Opportunity Zone, offering significant tax advantages. Originally built for residential use, it has the potential for conversion. Easily managed with minimal staff and high occupancy, it can be run remotely or by an owner-operator. This is an ideal opportunity to enter the extended stay market in a bustling cultural hub of the Berkshires. The Berkshires has so much to offer, and the Central Downtown is a great spot unwind after enjoying all the cultural and activities in Lenox, Stockbridge, Tanglewood, & Lee.

FOR SALE DETAILS

PRICE

$2,925,000 USD

PRICE/SF

$225 USD /SF

# OF ROOMS

26

PRICE/ROOM

$112,500 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Downtown Inn & Suites

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

RM

APN/PARCEL ID

PITT-000008H-000018-000108

ASK ABOUT THIS PROPERTY

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.