$9,950,000
0.68
Acres
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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.
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Highlights
- Property Class: Land
- Status: Active
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Additional Details
- Lot Features: Other
- Road Frontage Type: Public
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station
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Utilities
- Electric: On-Site
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Tax Year: 2023
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