Building Details

Year Built 2002

Listed By: Pat Patenaude Show Phone

Source: Delaprealestate

Added: Mar 7, 2024 Changed: Sep 10 Last Checked: Sep 10 at 6:41AM

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Investment Insights

Based on property information with market context.

This office/retail space is located in Amherst Crossing, a plaza anchored by Florence Savings Bank. The property benefits from high visibility and a significant traffic count. The current configuration includes a reception/waiting area, a private office/conference room, and an open bullpen/work room. The suite is handicap accessible and features a private restroom.

Key Highlights

• Great visibility and high traffic count location.
• Anchored by Florence Savings Bank.
• Handicap accessible.

Property Analytics

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Current Use

Val Rutkowski, REALTOR®️ Real Estate Agency Brad Spry Realtor Real Estate Agency Courtney Kinney, REALTOR® Real Estate Agency Davitt Associates Real Estate Agency Diana Adair REALTOR® Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods HVAC Service Auto Parts Store Computer & Electronic Repair Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.70 /SF/Yr

CAM

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

Market

Lease Benchmarks for Amherst, MA

$29.32 /SF/Yr

Avg Asking Price

$13–$49.66 /SF/Yr

Price Range

1,869 SF

Avg Space Size

This space is priced 39% below the average of $29.32 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office/retail space with high visibility and traffic count.

Where is this office units located?

The property is located at 383 College Street Amherst, MA.

What is the lease rate?

The lease rate is $1,350/Mo.

What are key features of this property?

This property features: Great visibility and high traffic count location.; Anchored by Florence Savings Bank.; Handicap accessible.