40 Dickinson Street, Amherst
Amherst College, the number one landowner in town, just purchased the former Paige's Chevy, aka Classic Chevy, building at 40 Dickinson Street for $474,000. A tad more than the former owner of Classic Chevy business paid for it back in August ($325,000) but still well below its assessed value of $548,200.
Thus if it goes off the tax rolls, like the vast majority of Amherst College owned property, it will no longer pay the town treasury just over $10,000 in annual property taxes.
The two-story brick building to the rear of the more recent office addition dates back to 1880, so if Amherst College is going to raze the building to "put up a parking lot" they will need the permission of the Amherst Historical Commission. Currently the Commission has the power to implement a one year demolition delay to protect historic structures.
The property also touches the overgrown remains of "Kelley Square", another historic, albeit forgotten, piece of history intertwined with the most historic figure in town history.
Or as faithful servant One-Armed Tom used to call her, "Miss Emily."