Pittsfield Restaurant and Retail
451 Dalton Ave Pittsfield, MA
For Sale
Contact for pricing
Operating restaurant on one acre site with high visibility.
Property Size5,847 SF
Lot Size0.98 Acres
Price / SF$282.20
Days on Market819
Property Features for 451 Dalton Ave
General Information
Standard status
Active
Size
5,847 SF
Lot size
0.98 Acres
Property subtype
RETAIL
Listing Agency:
Vanguard-Fine, LLC
(518) 428-7178
Listed By:
Paul Bulmer · License #30BU0949739
(518) 428-7178
Source:
Moodyscre
Added: May 2, 2024
Changed: Jul 6
Last Checked: Jul 22 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vanguard-Fine, LLC
Investment Insights
Based on property information with market context.
This property features an operating family restaurant on approximately one acre, situated adjacent to Dalton Avenue Plaza in Pittsfield. The existing restaurant's furniture, fixtures, and equipment (FFE) are available. The site benefits from good access and visibility, and high traffic volume. The property could also suit a quick service restaurant (QSR), gas and convenience store, car wash, freestanding retail space, medical facility, or small office. The building size is 5,847 square feet.
Key Highlights
- High Traffic Volume ensures great exposure.
- Great Visibility for your business.
- Approximately one (1) acre site, offering ample space.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.3k | $21.60 |
| − Vacancy | −$5.3k | −$0.91 |
| EGI | $121.0k | $20.69 |
| − OpEx | −$30.2k | −$5.17 |
| NOI | $90.7k | $15.52 |
5,847 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,743 @ 7.0% cap · market cap 5.50%
Second Best
Retail
$1.01M
$882.2K – $1.18M
NOI $70,578 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,840 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Grand Buffet Star — 61 Cheshire Rd, Pittsfield, MA 01201
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant on one acre site with high visibility.
Where is this conventional restaurant located?
The property is located at 451 Dalton Ave Pittsfield, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High Traffic Volume ensures great exposure.; Great Visibility for your business.; Approximately one (1) acre site, offering ample space.
