74 Wendell Ave - Hospitality FOR SALE


Pittsfield, MA 01201
$1,200,000 USD
413-822-1008
74 Wendell Ave, Pittsfield, MA for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/77
null | Request Cap Rate

74 Wendell Ave
Pittsfield, MA 01201


HIGHLIGHTS

  • Historic Building
  • Walking distance to downtown
  • Possible lease back to current owner

OVERVIEW

Historic 9-Unit Bed & Breakfast | ±10,560 SF on ±0.33 Acres Exceptional opportunity to own a beautifully maintained three-story historic bed & breakfast offering approximately 10,560 square feet on a ±?-acre lot. Within walking distance to the downtown theater/business district. This well-appointed property features nine unique guest suites, each with private baths and kitchenettes, blending classic charm with modern amenities. Large parking lot in the rear of the property also offers a separate right of way directly onto East Housatonic St. Guests are welcomed through an elegant entry foyer, leading to inviting common spaces including a parlor, formal dining room, and fully equipped common kitchen. The first floor also includes two spacious guest suites. Throughout the property, you'll find beautiful maple, oak, mahogany, and blackwood flooring, along with 3 fireplaces located in common areas on first floor. The second floor hosts four guest suites with a shared common area, while the third floor offers three additional suites and another common gathering space. There is also a potential for a private one-bedroom owner's unit located in the basement, ideal for on-site management. Upgraded heating system includes high efficiency Viessman boiler with architectural radiators throughout. Upgraded fire security system complete with sprinkler system. The property offers approximately 95 feet of frontage along Wendell Avenue and is zoned DCD (Downtown Creative District). A rare opportunity to own a turnkey hospitality property with historic character and strong income potential.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$114 USD /SF

# OF ROOMS

9

PRICE/ROOM

$133,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Thaddeus Clapp House

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1870

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,587 SF

ZONING

DCD

APN/PARCEL ID

PITT-000008H-000017-000006

ASK ABOUT THIS PROPERTY

Tim GallagherStone House PropertiesMore Info
413-822-1008

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Tim GallagherStone House PropertiesMore Info
413-822-1008

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