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Property profile & analytics
OFF-MARKET
Investment properties

363 Main St Amherst, MA 01002-2311

4,434 SF 0.13 ac lot Built 1920
Entity Owned 15-yr Hold
Property ID
US38-1631093
Property summary
AI-generated overview

This exceptional Amherst property, situated at 363 Main Street Unit 363, presents a unique investment opportunity. Spanning 0.13 acres, the building is zoned Business Village Center, offering considerable flexibility for various commercial and residential uses. Currently configured as a non-conforming mixed-use building, it features two sizable three-bedroom residential units, each providing ample living space, and a separate commercial space, ideal for a variety of businesses. The property benefits from the convenience of separate utility meters for each unit, simplifying management and cost allocation. Heating is provided by natural gas, while public water and sewer services are readily available. Its strategic location near established businesses and public transportation ensures convenient access for both residents and patrons. The property's proximity to the town center further enhances its appeal and potential for growth. This is a rare chance to acquire a versatile property in a thriving Amherst location, offering significant upside potential for savvy investors seeking a blend of residential and commercial income streams. The non-conforming zoning status presents opportunities for creative redevelopment and expansion, subject to local regulations. Serious inquiries are encouraged to explore the full potential of this remarkable investment.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction FRAME
Total area 4,434 SF
Lot 0.13 ac (5,850 SF)
APN AMHE M:0014B B:0000 L:0060
UPID US38-1631093
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bruno's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rcn LLC · 15 yrs held
Rcn LLC
since 2011
4 recorded transactions
2011
$525,000
2006
$1
1998
Price N/A
1992
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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