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$9,950,000
Est. payment /mo
0.68 Acres Lot
UPDATED:
12/20/2024 03:13 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73294046
HOA Y/N false
Year Built 1920
Tax Year 2024
Lot Size 0.680 Acres
Acres 0.68
Property Description
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.
Location
State MA
County Middlesex
Direction E Central St to Church St, please use GPS
Exterior
Total Parking Spaces 10
Others
Senior Community false
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Listed by Dreamega International Realty LLC