360-366 College St
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360-366 College St
3,990 SF Retail Building Amherst, MA 01002 £861,630 (£216/SF) 7.27% Net Initial Yield
Investment Highlights
- 4,000 SF Retail Property
- Tenant Paid Utilities & Reimbursements
- Off-street Parking
- Signalized Intersection
- 15,000 SF Corner Lot
- Route 9 Location
Executive Summary
Northeast Private Client Group is pleased to present The College Street Retail, a 4,000 +/- SF retail property located at 360 College Street in Downtown Amherst, Massachusetts.
The College Street retail is comprised of four tenants one of which is currently vacant adding potential for an owner / user investor. The .34 acre lot provides ample off-street parking for all tenants and visitors. Tenants are responsible for their own utilities, with some reimbursing for landlord expenses.
Located on a corner lot of a 4-way signalized intersection the College Street Retail provides all tenants with exceptional visibility from the high traffic route 9 obtains. College Street is also ideally located just outside downtown Amherst in close proximity to Amherst College, The University of Massachusetts (UMass) and numerous shops & amenities.
For more information please reach out directly to Tim McGeary.
The College Street retail is comprised of four tenants one of which is currently vacant adding potential for an owner / user investor. The .34 acre lot provides ample off-street parking for all tenants and visitors. Tenants are responsible for their own utilities, with some reimbursing for landlord expenses.
Located on a corner lot of a 4-way signalized intersection the College Street Retail provides all tenants with exceptional visibility from the high traffic route 9 obtains. College Street is also ideally located just outside downtown Amherst in close proximity to Amherst College, The University of Massachusetts (UMass) and numerous shops & amenities.
For more information please reach out directly to Tim McGeary.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,990 SF
Building Class
B
Year Built
1970
Price
£861,630
Price Per SF
£216
Net Initial Yield
7.27%
NOI
£62,639
Tenancy
Multiple
Number of Floors
1
Building FAR
0.27
Lot Size
0.34 AC
Parking
18 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
107 ft on College St
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | AMHE-000015A-000000-000028 | Improvements Assessment | £303,450 |
| Land Assessment | £158,540 | Total Assessment | £461,990 |
PROPERTY TAXES
Parcel Number
AMHE-000015A-000000-000028
Land Assessment
£158,540
Improvements Assessment
£303,450
Total Assessment
£461,990
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360-366 College St
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