254 Main St Natick, MA 01760-1152
- Investment properties
- 2,464 SF
- 0.11 lot acres
Current Use by Public Records
- Mindful HealthCare Agency / Home Health Care Service
- Rama sanitizing and cleaning services inc / Commercial Cleaning Service
- Beauty Goodz and Meant 2 Be Salon / Hair Salon
Property Details for 254 Main St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.11 lot acres
- Property size
- 2,464 SF
- Zone code
- LC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- NATI M:00000012 P:00000012
- APU
- NATIM00000012P00000012
Description
254 N Main Street, Natick, MA presents a unique investment opportunity. This 0.11-acre property offers flexible zoning allowing for both commercial and residential uses. Its prime location in Natick provides convenient access to major transportation arteries, including the MA Pike and commuter rail lines serving Framingham and Worcester. This proximity to Boston and Worcester makes it an attractive location for a wide range of businesses. The property is ideally suited for professional services, such as law offices, architectural firms, mortgage companies, CPA firms, financial institutions, insurance agencies, or advertising firms. The building itself boasts several recent upgrades, enhancing its appeal and functionality. These improvements include a new roof and siding, installed within the last two years. Three new electrical panels, new kitchen cabinets, recessed lighting, and a mini-split heating and cooling system were also added within the past two years, significantly improving the property's efficiency and modern appeal. The property's location also benefits from its proximity to local amenities, including the TCAN (The Center for Arts in Natick) and the Natick Farmers Market, as well as numerous shops and restaurants in the downtown area. This combination of location, versatility, and recent renovations makes 254 N Main Street a compelling investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $485,000
- 6.5%
- $565,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $540,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $625,000
- Retail
- $615,000
- Mixed-Use
- $555,000
- Hospitality
- $520,000
- Educational
- $495,000
- Residential Income
- $480,000
- Energy
- $595,000
- Income-Based Land
- $580,000
- Food Service
- $580,000
Location Insight
- Map
- Local Demand
- City
- Natick
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3621
- Latitude
- 42.3065
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA