40 Eliot St Natick, MA 01760
- Schools
- 7,436 SF
- 0.31 lot acres
Current Use by Public Records
- Memorial Hall / Community Center
Property Details for 40 Eliot St
- Year built
- 1882
- Lot size
- 0.31 lot acres
- Property size
- 7,436 SF
- Property type
- Schools
- Property subtype
- Churches & religious facilities
Description
This exceptional 7,436 square foot, two-story building presents a unique redevelopment opportunity in Natick, MA. Originally constructed in 1882 and renovated in 2000, the property boasts a versatile layout previously used as a church and most recently a school, featuring multiple classrooms and handicap-accessible ground-floor bathrooms. Currently leased to a religious school until February 28th, 2025, with a 30-day vacate notice starting February 1st, 2025, the building will be vacant by March 1st, 2025, though earlier access may be possible. The property sits on a 0.31-acre lot and is zoned for Residential General use, offering significant potential for residential conversion. Preliminary plans suggest the possibility of developing two $1.4 million townhouses or more. The asking price is $795,000, translating to $106.91 per square foot. The building's proximity to a planned 32-unit affordable housing development on an abutting parcel adds further appeal to this prime location in Middlesex County. This is a rare chance to acquire a substantial property with significant upside potential in a thriving Massachusetts community. The property is currently vacant as of November 1st, 2024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Natick
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.315059876736
- Latitude
- 42.273857823058
