Pleased to present an exceptional opportunity for investors, builders, and developers: the chance to acquire a substantial portfolio on Natick’s Church Street. This portfolio is situated on a 0.68- acre lot, featuring five (5) parcels, seven (7) independent buildings with twenty-eight (28) condo units on Church St. In 2023, the portfolio generated a total income of about $300,000, underscoring its robust income potential. This rare real estate offering includes in-place income and future rental growth by renewing and leasing all units at full market rates.This property benefits from DM (downtown mix-use) zoning with lot coverage of 60% under current zoning bylaw, allowing for future development of approximately 60+ units, upon zoning approval, across commercial, residential, or mixed-use buildings. This presents a versatile investment opportunity with promising potential returns. Adjacent to Natick Town Hall and Natick Common, this property enjoys a prime central location.
This listing has been viewed 28 times in the past 45 days
Last Updated: November 2nd, 2024 at 8:48am
Highway Access
Public School
Shopping
Park
Medical Facility
Public Transportation
T-station
General Information for 4-8 Church St, Natick, Massachusetts 01760
Property TypeLand
Property Sub TypeLand
Price$9,950,000
MLS #73294045
Handicap Access / FeaturesNo
List Date2024-09-24
Special Listing ConditionsNo
StateMassachusetts
Street NameChurch St
CityNatick
Zip Code01760
CountyMiddlesex
MLS StatusActive
AssociationNo
Heat Zones
Sold Date
Property Sub TypeLand
AdditionalParcelsYNNo
AvailabilityDate
Close Date
Close Price$0
Gas
Listing Service
UnparsedAddress4-8 Church St, Natick MA 01760
Zoning0
Interior Features for 4-8 Church St, Natick, Massachusetts 01760
ElectricOn-site
ElectricYes
Electric$0
Electric on PropertyNo
MLS Area (Major)
OffMarketDate
Exterior Features for 4-8 Church St, Natick, Massachusetts 01760
* Approximate Lot Size0.68 acres
Lot FeaturesOther
* Parking Spaces
* Sewer UtilitiesPublic Sewer
* Water UtilitiesPublic
Approx. Street Frontage
Parking FeaturesNo
Utilities
Cultivated Area
FarmLandAreaUnits
Lot Size (Square Feet)29,620 Sqft
MLSPIN_PERC_TEST
MLSPIN_PERC_TEST_DATE
PastureArea
Wooded Area
Disclosures for 4-8 Church St, Natick, Massachusetts 01760
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 4-8 Church St, Natick, Massachusetts 01760
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value$0
Real Estate Tax$0
Tax Year2023
OriginalListPrice$9,950,000
Lifestyle Information for 4-8 Church St, Natick, Massachusetts 01760
Association AmenitiesNo
Frontage Type
GarageYNNo
WaterviewNo
Waterfront FeaturesNo
Location information for 4-8 Church St, Natick, Massachusetts 01760
Elementary School
High School
NumberOfLots
Marketing History for 4-8 Church St, Natick, Massachusetts 01760
MLSPIN_MARKET_TIME_BROKER38
MLSPIN_MARKET_TIME_PROPERTY38
PurchaseContractDate
Agent Information for 4-8 Church St, Natick, Massachusetts 01760