16 Cheshire RdPittsfield, MA 01201

Property Details for 16 Cheshire Rd

Year built

2004

Lot size

1.10 AC

Zone code

BC

Property type

Commercial real estate

APN

PITT M:L14 B:0002 L:051

APU

PITTML14B0002L051

Description

This established Econo Lodge hotel in Pittsfield, MA presents a compelling investment opportunity. The property, built in 1963, features 58 guest rooms spread across two stories within a single, 29,000 square foot building situated on a 2-acre lot. Ample parking is available with 60 spaces on-site. The hotel benefits from a high-visibility location on a main road, ensuring convenient access for guests. The asking price is $2,800,000, translating to $96.55 per square foot and $48,275.86 per bed. The property is zoned BC and offers a significant opportunity within the hospitality sector. This well-established hotel provides immediate income potential and is ready for a new owner to capitalize on its prime location and existing infrastructure. The property's size and location make it an attractive investment for experienced hospitality operators or those seeking to enter the market. The hotel's established brand recognition and existing guest base offer a solid foundation for future growth and profitability. Further details are available upon request.

• Alternative Use

  Use

  Valuation

  Residential

  $10,004,981

  Hospitality

  $9,164,509

  Educational

  $7,624,764

  Medical

  $7,886,991

  Retail

  $11,860,743

Location Insight

City

Pittsfield

County

Berkshire

State

Massachusetts

Latitude

42.469

Longitude

-73.2027

CBSA code

38340

CBSA name

PITTSFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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