Unfinished Subdividable Retail
For Sale
Contact for pricing
61-63 Cowls Road, Amherst, MA 01002
Unfinished retail space with the ability to subdivide into two smaller units.
Property Size4,038 SF
Price / SF$0.01
Days on Market99
Property Features for 61-63 Cowls Road
General Information
Standard status
Active
Size
4,038 SF
Property subtype
Commercial
Additional Details
Business Included
No
Building Details
Year Built
2019
Listing Agency:
Samuel D. Plotkin & Associates
(413) 781-8000
Listed By:
David Wolos · License #95630
(413) 439-5757
Source:
Lockandkeyre
Added: Jul 23
Changed: Oct 29
Last Checked: Oct 28 at 7:58AM
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 Samuel D. Plotkin & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This potential retail space includes 4,038 square feet of unfinished retail area that can be subdivided into units of 2,390 and 1,648 square feet. The lease rate can be adjusted based on the type of finish a tenant requires. A tenant may receive free rent by handling the required renovation and paying CAM charges of $5.00 per square foot.
The property is located in the Mill District, a complex described as offering eating, arts, and entertainment venues approximately one-half mile north of UMass, supporting a destination-style retail environment.
For tenants or investors looking for flexibility, the unfinished condition and subdividable layout allow for tailoring the space to fit specific retail configurations while maintaining a shared operating cost structure tied to CAM.
The property is located in the Mill District, a complex described as offering eating, arts, and entertainment venues approximately one-half mile north of UMass, supporting a destination-style retail environment.
For tenants or investors looking for flexibility, the unfinished condition and subdividable layout allow for tailoring the space to fit specific retail configurations while maintaining a shared operating cost structure tied to CAM.
Key Highlights
- 4,038 SF unfinished retail space in the Mill District
- Can be subdivided into two units: 2,390 SF and 1,648 SF
- Space includes flexibility on lease rate based on the tenant’s required finish level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,932
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,658,640
$1.7M
Cap Rate 7%
$1,184,743
$1.2M
Cap Rate 9%
$921,467
$921.5K
Market Conditions
NOI Build-Up for 4,038 SF
Gross rent
$121.1K $30.00/SF
− Vacancy
−$2.7K −$0.66/SF
EGI
$118.5K $29.34/SF
− OpEx
−$35.5K −$8.80/SF
NOI
$82.9K $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%
$1,658,640
Cap Rate 7%
$1,184,743
Cap Rate 9%
$921,467
Alternative Uses
Best Use
Retail
$1.18M
$1.04M – $1.38M
NOI $82,932 @ 7.0% cap · market cap 345,550.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,135 @ 7.0% cap · market cap 717,229.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cumberland Farms
Shops & Services
8,235 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Unfinished retail space with the ability to subdivide into two smaller units.
Where is this retail space located?
The property is located at 61-63 Cowls Road Amherst, MA.
What are key features of this property?
This property features: 4,038 SF unfinished retail space in the Mill District; Can be subdivided into two units: 2,390 SF and 1,648 SF; Space includes flexibility on lease rate based on the tenant’s required finish level
