48 Pleasant StAmherst, MA 01002

Property Details for 48 Pleasant St

Year built

1984

Construction

STEEL FRAME

Lot size

0.24 AC

Property size (Sq ft)

15,357 SF

Property type

Office buildings

APN

AMHE M:0014A B:0000 L:0040

APU

AMHEM0014AB0000L0040

Description

This exceptional Amherst, MA office space, located at 48 N Pleasant Street (cross street: Amity Street), offers a prime location in the heart of downtown. The building, a three-story Class B property constructed in 1984, features two total suites with elevator access. Ideal for businesses seeking flexible space, this listing presents one available office suite ranging from 404 to 487 contiguous square feet. The minimum divisible space is 404 square feet, making it suitable for a variety of tenant needs. The building is conveniently zoned for business use and is handicap accessible, ensuring inclusivity and convenience. This traditional office space provides a professional environment within a vibrant downtown setting, offering easy access to local amenities and businesses. The property's central location and functional design make it an attractive option for companies seeking a well-maintained and accessible office space in Amherst. The building's multiple tenancy structure allows for a diverse range of businesses to coexist. This is a fantastic opportunity to establish a presence in a thriving downtown area. Inquire today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,538,971

  6.5%

  $2,343,665

  7%

  $2,176,261

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,006,546

  Geo Method

  $2,006,546

• Alternative Use

  Use

  Valuation

  Residential

  $2,906,145

  Hospitality

  $2,662,013

  Educational

  $2,214,764

  Medical

  $2,290,933

  Retail

  $3,445,188

Location Insight

City

Amherst

County

Hampshire

State

Massachusetts

Latitude

42.3764

Longitude

-72.5203

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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