4-8 Church St Active Save Request In-Person Tour Request Virtual Tour
Natick,MA 01760
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73294045
Tax Year 2023
Lot Size 0.680 Acres
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
Exterior
Community Features Public Transportation,Shopping,Park,Medical Facility,Highway Access,Public School,T-Station
Building
Lot Description Other
Sewer Public Sewer
Water Public