Property profile

506 Pittsfield Rd Lenox, MA 01240

OFF-MARKET
Turn key restaurants
Property ID
US38-0813903
3,972 SF 0.59 ac lot Built 1950
Individually Owned 33-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,972 SF
Lot 0.59 ac (25,709 SF)
Zoning code C-1A
APN LENO M:33 B:009 P:0000 U:00
UPID US38-0813903

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
  • Restaurant
  • Restaurant

Location

506 Pittsfield Rd Lenox, MA 01240-2354
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
$560k
Blend (final) Blend
$340k

Owner & transaction history

since 1993
5 recorded transactions
2005
Price N/A
1993
$380,000
1989
$87,500
1987
$400,000
1987
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) $870,000 +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
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