Property profile

355 Worcester St Natick, MA 01760

OFF-MARKET
Turn key restaurants
Property ID
US38-0955663
2,609 SF 1.57 ac lot Built 1980
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,600 square foot retail property, formerly a Wendy's, is ideally situated on heavily trafficked Route 9 in Natick, Massachusetts. The property boasts a prime location within Middlesex County, offering excellent visibility and accessibility for businesses. The 1.4-acre lot provides ample space, complemented by 40 parking spaces to accommodate customers and employees. The building's existing infrastructure, including a drive-thru, presents a unique opportunity for quick-service restaurants or similar businesses seeking a ready-made setup. With a daily traffic count of 50,000 vehicles on Route 9, this location guarantees high exposure and significant foot traffic. The property's versatile layout and substantial size make it suitable for a variety of commercial uses, offering a compelling investment opportunity in a thriving market. The property is classified as both retail and mixed-use, allowing for flexibility in its future development and tenant occupancy. This is a rare chance to acquire a well-positioned commercial property with significant potential for growth and return on investment in the desirable Natick market. The property is located at 355 Worcester Street, Natick, MA 01769.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Construction CONCRETE
Total area 2,609 SF
Lot 1.57 ac (68,389 SF)
Zoning code CII
APN NATI M:00000020 P:00000100
UPID US38-0955663

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

355 Worcester St Natick, MA 01760-2212
Natick metro Census 382100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
1999
$700,000

Zoning & alternative use

CII · Natick, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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