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- LoopNet Team
36 Pittsfield Rd
Lenox, MA 01240
Brushwood Farms Commercial Mixed Use Property · Land For Sale
·
5.49 AC

Investment Highlights
- Excellent Visibility
- Mixed Use Zoning encourages dense development of retail/office/commercial in combination with residential
- High Traffic Count for this area
- Desirable Lenox Location adjacent to existing hotel and mixed use development (Courtyard by Marriott & Lenox Commons)
Property Facts
Description
Property is a mix of the C3A (Commercial) Zoning District + Gateway Mixed Use Development Overlay District + some areas that are in R-1A (residential). The attached plan shows one potential breakdown of the areas along Route 7 & East Dugway Road, into two commercial lots and two that are primarily residential . Owner is willing to consider offers that consist of one or more such lots or to modify lot lines as requested by a buyer. Property is all within the Gateway Mixed Use Development Overlay District which encourages intensive mixed use development approaches. The commercially zoned portion of the property abuts the recently built Courtyard Marriott Hotel and is directly across the street (at a signaled intersection) from the Lenox Commons - a successful development of retail and office with condominiums. There are about 12,900 SF of existing footprint within a total of 5 buildings. These buildings have a total area, according to the assessors, of 17,835 square feet (excluding basement). One building is an active, fully rented commercial / mixed use structure with two commercial spaces and four apartments upstairs. Gross income from these units is ~$4,600 / month - tenants pay utilities. The other four buildings on the property are either in need of extensive renovation or are likely tear-downs. But the footprints might be useable for their value as pre-existing non-conforming space. Note also that a small portion of the property is habitat for an endangered plant species, and there are area of wetlands. Buyers will want to have their consultants look at this information carefully. The owner is under contract with a developer to create 65 units of affordable housing on the high ground beyond these lots. There may be some use of rights of way during construction, but overall the housing development is hidden away and will be a steady source of potential customers. Owner intends to set aside some of the property for conservation land in association with the affordable housing development - most of the set aside areas will be steep slopes and wetlands. Directions: Driving North on Route 7 from Lee, the property is just north of the intersection of Lenox’s Main Street and Route 7 - the property starts at East Dugway Road and goes up to the next signal along the east side of the road. Coming from Pittsfield you can turn left at the signal towards the Courtyard Marriott and the property is along that ingress road on the right side.
Property Taxes
| Parcel Number | LENO-000017-000041 | Improvements Assessment | $0 |
| Land Assessment | $1,288,200 | Total Assessment | $1,288,200 |
Property Taxes
Listing ID: 16738140
Date on Market: 7/26/2019
Last Updated:
Address: 36 Pittsfield Rd, Lenox, MA 01240
The Land Property at 36 Pittsfield Rd, Lenox, MA 01240 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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