Property profile

490 Pittsfield Rd Lenox, MA 01240

OFF-MARKET
Turn key restaurants
Property ID
US38-1435793
4,260 SF 0.64 ac lot Built 1984
Entity Owned 13-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This is a free-standing retail building totaling approximately 4,000 square feet, situated at a signalized intersection along Pittsfield–Lenox Road (Route 20), a heavily traveled corridor. The site configuration is suitable for quick-service uses, including a drive-through coffee concept, and it can also accommodate retail or medical uses intended to serve the southern Pittsfield/Lenox market.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Construction FRAME
Total area 4,260 SF
Lot 0.64 ac (27,880 SF)
Zoning code C-1A
APN LENO M:50 B:007 P:0000 U:00
UPID US38-1435793

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center Sports School

Location

490 Pittsfield Rd Lenox, MA 01240-2902
Lenox metro Census 913100 PITTSFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$710k
Blend (final) Blend
$735k

Owner & transaction history

since 2013
7 recorded transactions
2013
Price N/A
2013
Price N/A
2013
$482,703
2008
Price N/A
2008
$695,000
2008
Price N/A
2006
Price N/A

Zoning & alternative use

C-1A · Lenox, MA
Zoning description

b. In the C-1A, C-3A, and Industrial Zones the minimum setback from parcels in Lenox Zoning Bylaw - SECTION 8 - Page 78 commercial and industrial zones shall equal the height of the New Tower. As part of the Special Perm…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $935,000 +12.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 490 Pittsfield Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message