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    Pittsfield Restaurant and Retail Opportunity Title is generated by Realmo AI

    451 Dalton Ave, Pittsfield, MA 01201

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    One-acre site with restaurant, suitable for retail or redevelopment.

    Type:Retail
    Property size:
    5,847 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $282/SF
    Added:
    Feb 21, 2023
    Days on Market:
    1231
    Last Refresh:
    May 19 at 9:06 pm

    Property Features for 451 Dalton Ave

    General Information

    Standard status
    Active
    Size
    5,847 SF
    Lot size
    1.00 Acre
    Property subtype
    Retail

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    Kenneth Brownell
    Kenneth Brownell

    Listing office Vanguard-Fine LLC

    Listing date Feb 21, 2023

    Source Crexi

    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

    HighLights

    • Approximately one acre site with great access and visibility.
    • Operating family restaurant with all restaurant FFE available.
    • Adjacent to Dalton Avenue Plaza in Pittsfield.
    • Suitable for QST, gas and convenience store, car wash, free standing retail, medical or small office.
    • High traffic location.
    • Existing infrastructure for a restaurant.

    Overview

    This property features an approximately one-acre site with an operating family restaurant, 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. It is also suitable for a quick service restaurant (QST), gas and convenience store, car wash, free-standing retail establishment, medical office, or small office space.

    Local 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 (±1% cap)
    NOI $90,743 @ 7.0% cap · market cap 5.50%
    Second Best
    Healthcare Medical
    $1.21M
    $1.06M – $1.41M (±1% cap)
    NOI $84,618 @ 7.0% cap · market cap 5.13%
    Theoretical Best
    Office A
    $1.71M
    $1.50M – $2.00M (±1% cap)
    NOI $119,840 @ 7.0% cap · market cap 7.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zucco's Family Restaurant Restaurant

    Suggested Use

    Law Firm Real Estate Agency Daycare Center Hotel & Motel Accounting Firm Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Dental Office

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Grand Buffet Star — 61 Cheshire Rd, Pittsfield, MA 01201

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2149055
    Latitude
    42.4636603

    FAQs

    What type of property is this?
    Conventional restaurant - One-acre site with restaurant, suitable for retail or redevelopment.
    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: Approximately one acre site with great access and visibility.; Operating family restaurant with all restaurant FFE available.; Adjacent to Dalton Avenue Plaza in Pittsfield.
    (518) 862-0861 Call to check price and availability
    More about this property
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