Remodeled Office/Retail
For Sale
Contact for pricing
377 College Street, Amherst, MA 01002
Recently remodeled suite offers mostly open layout with a back room and two ADA restrooms.
Property Size1,154 SF
Price / SF$1.52
Days on Market619
Property Features for 377 College Street
General Information
Standard status
Active
Size
1,154 SF
Property subtype
Commercial
Zoning
Comm
Lease Type
NNN
Building Details
Building Size
1,154 SF
Year Built
2002
Listing Agency:
Delap Real Estate LLC
(413) 586-9111
Listed By:
Patricia Patenaude · License #449000791
(413) 374-1779
Source:
Churchillprop
Added: Feb 4, 2025
Changed: Oct 6
Last Checked: Oct 16 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Delap Real Estate LLC
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Investment Insights
Based on property information with market context.
A recently remodeled office/retail suite featuring a mostly open interior with a back room. The suite includes two ADA restrooms, and additional plumbing is present from a prior food-related use.
The space is located at Amherst Crossing next to Florence Savings Bank with visibility along busy Rt9.
The current configuration supports flexible front-area use complemented by a dedicated back room and restroom facilities suitable for public access.
The space is located at Amherst Crossing next to Florence Savings Bank with visibility along busy Rt9.
The current configuration supports flexible front-area use complemented by a dedicated back room and restroom facilities suitable for public access.
Key Highlights
- Year built 2002
- Recently remodeled office/retail suite with mostly open layout
- Includes back room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,701
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,020
$474.0K
Cap Rate 7%
$338,586
$338.6K
Cap Rate 9%
$263,344
$263.3K
Market Conditions
NOI Build-Up for 1,154 SF
Gross rent
$34.6K $30.00/SF
− Vacancy
−$762 −$0.66/SF
EGI
$33.9K $29.34/SF
− OpEx
−$10.2K −$8.80/SF
NOI
$23.7K $20.54/SF
Area
Hampshire County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,020
Cap Rate 7%
$338,586
Cap Rate 9%
$263,344
Alternative Uses
Best Use
Office B
$517.5K
$452.9K – $603.8K
NOI $36,228 @ 7.0% cap · market cap 2,070.17%
Second Best
Retail
$338.6K
$296.3K – $395.0K
NOI $23,701 @ 7.0% cap · market cap 1,354.34%
Theoretical Best
Office A
$702.8K
$614.9K – $819.9K
NOI $49,194 @ 7.0% cap · market cap 2,811.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 01002, MA
27,558
Population
11,089
Households
2.5
Avg Household Size
30
Median Age
74%
College-Educated
97%
High-School Grad
53.3 sq mi
ZIP Area
517
Density / Sq Mi
$69,411
Median Household Income
$22,570
Median Earnings
$1,561
Median Rent
$449,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Recently remodeled suite offers mostly open layout with a back room and two ADA restrooms.
Where is this office units located?
The property is located at 377 College Street Amherst, MA.
What are key features of this property?
This property features: Year built 2002; Recently remodeled office/retail suite with mostly open layout; Includes back room
