Property summary
This single-tenant retail/office property, located at 451 Russell Street in Hadley, Massachusetts, 01035, offers 3,640 square feet of versatile space. Situated on 0.86 acres of land, this Class B building boasts a prominent location near the intersection of Russell Street and Route 116, providing excellent visibility and accessibility. Built in 1968 and extensively renovated in 2019, the property features a modern interior, delivered as a "vanilla shell," ready for tenant build-out. The single-story building includes 36 total parking spaces, catering to both employees and customers. The property is zoned GB and is located in a thriving commercial area of Hadley, close to downtown Amherst and the University of Massachusetts Amherst. Nearby businesses include Friendly's, Pride, Domino's, Applebee's, Chili's, Marriott, F L Roberts, Stop & Shop, T J Maxx, and Liquors 44, indicating a strong retail presence and high traffic volume. Annual property taxes are $0.89 per square foot. This property presents a unique opportunity for businesses seeking a well-located, renovated space in a dynamic commercial environment.
Property profile
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Location
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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