363 Main St Amherst, MA 01002-2311
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.
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Bruno's Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.