Building Details

Year Built 1935

Year Renovated 2023

Listing Agency: WILLIAM RAVEIS - BERKSHIRE

Listed By: Lance Vermeulen · License #9038947 Show Phone

Source: Lancerealestate

Added: Jul 14 Changed: Sep 15 Last Checked: Sep 2 at 3:35AM

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Investment Insights

Based on property information with market context.

This turn-key restaurant property was originally the Old Egremont Club and has been reimagined with custom interior finishes and red-and-black checkered floors. The property includes a fully overhauled commercial kitchen core completed in 2023, highlighted by a new well, septic system, 200-amp electric service, and Henny Penny fryers.

Located in low-tax Egremont along the heavily traveled Route 23 corridor, the site is minutes from Catamount Mountain Resort and downtown Great Barrington.

A lease-to-buy option is available for qualified parties.

Key Highlights

• Commercial restaurant space with custom interior finishes and red‑and‑black checkered floors
• Commercial kitchen equipment and systems fully overhauled in 2023, including new Henny Penny fryers
• 2023 upgrades include a new well, septic system, and 200‑amp electric service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,090

Cap Rate

2.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,800 $561.8K

Cap Rate 7%

$401,286 $401.3K

Cap Rate 9%

$312,111 $312.1K

Market Conditions

NOI Build-Up for 1,810 SF

Gross rent

$39.1K $21.60/SF

− Vacancy

−$1.6K −$0.91/SF

EGI

$37.5K $20.69/SF

− OpEx

−$9.4K −$5.17/SF

NOI

$28.1K $15.52/SF

Area

Berkshire County, MA

Vacancy

4.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,800

Cap Rate 7%

$401,286

Cap Rate 9%

$312,111

Alternative Uses

Best Use

Specialty Retail

$401.3K

$351.1K – $468.2K (±1% cap)

NOI $28,090 @ 7.0% cap · market cap 2.82%

Second Best

Industrial

$141.7K

$124.0K – $165.3K (±1% cap)

NOI $9,919 @ 7.0% cap · market cap 1.00%

Theoretical Best

Office A

$530.0K

$463.7K – $618.3K (±1% cap)

NOI $37,098 @ 7.0% cap · market cap 3.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Restaurant Electronics & Wireless Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 01258, MA

160

Population

213

Households

0.8

Avg Household Size

57

Median Age

42%

College-Educated

96%

High-School Grad

22.3 sq mi

ZIP Area

7

Density / Sq Mi

$127,813

Median Household Income

$45,156

Median Earnings

$593,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Turn-key restaurant space with custom interior finishes and fully overhauled 2023 commercial kitchen equipment.

Where is this conventional restaurant located?

The property is located at 264 Hillsdale Rd Egremont, MA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Commercial restaurant space with custom interior finishes and red‑and‑black checkered floors; Commercial kitchen equipment and systems fully overhauled in 2023, including new Henny Penny fryers; 2023 upgrades include a new well, septic system, and 200‑amp electric service