209 Central StNatick, MA 01760

Property Details for 209 Central St

Year built

1975

Construction

FRAME

Lot size

2.90 AC

Property size (Sq ft)

65,170 SF

Zone code

LC

Property type

Office buildings

APN

NATI M:00000040 P:00000071

APU

NATIM00000040P00000071

Description

This three-story, Class B office building in Natick, MA, offers 65,170 square feet of versatile space, ideal for various business types. The property features multiple suites, ranging from 834 to 3,619 contiguous square feet, accommodating businesses of all sizes. Currently, 9,943 square feet are available. The building boasts one passenger elevator and ample parking, situated on a 2.9-acre lot. Built in 1965, the property is conveniently located in the Metrowest submarket, near the Natick/Framingham cluster. Its strategic location offers easy access to major transportation arteries, including proximity to the West Natick Commuter Rail (approximately 0.5 miles), the Mass Pike (2.9 miles), and Route 9 (1.5 miles). The building's flexible design makes it suitable for traditional office, coworking, and medical office uses. This presents a unique opportunity to establish a presence in a thriving business community. The property is well-suited for office, research and development, and other similar uses.

• CAP approach

  CAP return

  Valuation

  6%

  $10,774,548

  6.5%

  $9,945,736

  7%

  $9,235,327

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,515,112

  Geo Method

  $8,515,112

• Alternative Use

  Use

  Valuation

  Residential

  $12,332,713

  Hospitality

  $11,296,699

  Educational

  $9,398,721

  Medical

  $9,721,957

  Retail

  $14,620,232

Location Insight

City

Natick

County

Middlesex

State

Massachusetts

Latitude

42.2828

Longitude

-71.3843

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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