Commercial properties are always an exciting investment opportunity, and the sector is going strong in our region. The current market is filled with unique and interesting properties that provide a mix of business, entertainment, and rental-income potential. From restaurants to marinas to theaters, here are a few standout commercial listings to check out:
Rouge Restaurant
3 Center Street, West Stockbridge, MA | $995,000
A Berkshires favorite for more than 20 years, Rouge Restaurant is a great business opportunity for any restaurateur or investor. The brightly colored, circa 1860s building was recently renovated and the property includes the restaurant, a second-story two-bedroom apartment with newly constructed full bath, as well as a separately licensed retail wine shop. Other desirable features of the restaurant include approved outdoor seating on the front sidewalk area and rear terrace, multiple dining rooms with a designated private dining area and intimate bar, and a private parking area (fits nine vehicles) and loading dock in the rear. The two facilities total roughly 4,700 square feet.
Four Mile River Marina
2-4 Bank Road, Old Lyme, CT | $2,299,000
Live, work, and play in one spot at this property located between Rocky Neck State Park and the Point O’ Woods beach community. It includes a highly regarded marina plus two homes: a four-bedroom, three-bathroom Colonial, and a two-bedroom, one-bathroom ranch (currently rented). Equidistant from both New Haven and Hartford, the marina offers 94 permitted wet slips, a boat ramp, land storage for boats and trailers, customer bathrooms and shower, and an on-site fuel, shop, repair and storage building. Investors will also appreciate the marina’s well-maintained infrastructure, DEEP compliance, recent capital improvements, and strong slip-rental history. The marina is conveniently positioned as a launch spot for day trips and longer jaunts to various points on the shorelines of CT, RI, MA, and NY.
Ashfield Lake House
141 Buckland Road, Ashfield, MA | $1,100,000
The lake life makes for a solid business plan with this fabulous property: a successful, turnkey, farm-to-table restaurant that takes advantage of its waterfront location with new dining pavilions on the private beach and a spacious deck overlooking the lake. Situated at the foothills of the Berkshires in the quaint town of Ashfield, the restaurant has long served as a community hub and also offers additional revenue potential as a private events site. This listing is also being sold with four additional rental properties, for further investment benefit.
1880’s Carriage Barn
242 Pittsfield Road, Lenox, MA | $758,000
Bring your vision to this delightful carriage barn, featuring original post-and-beam construction, plus a three-bedroom, 1.5-bathroom residence, set on more than four wooded Berkshire acres in charming Lenox. The building is currently operating as an Italian restaurant with an authentic brick oven featuring hand-selected bricks imported from the City of Pompeii, inside and outside dining, and 10-zone heating/cooling. The property can also be converted to any use within C3A Town of Lenox zoning. The ideal location, just three miles from the famed Tanglewood music venue, makes it a perfect spot for tourists and locals alike.
Colonial Theater
27 Railroad Street #A, North Canaan, CT | $365,000
Movie buffs and theater visionaries will fall in love with this vintage movie theater dating back to 1923. Recently renovated to play up its Art Deco appeal, the property includes two screens, a large theater on the main level, an upstairs ballroom suitable for events, a commercial kitchen, a new heating system, and two storefronts. Known as “Little Radio City” in its heyday, the property is ideal for operation as a dinner theater, arthouse film center, and special events venue.
