21 Eliot StNatick, MA 01760

  • Commercial real estate
  • 10,600 SF
For Sale
$7,200,000 View listing

Property Details for 21 Eliot St

Year built
1988
Lot size
3.00 AC
Property size (Sq ft)
10,600 SF
Zone code
RSC
Property type
Commercial real estate
APN
NATI M:00000054 P:00000066
APU
NATIM00000054P00000066

Description

This exceptional 3-acre property located at 21 Eliot Street in the heart of South Natick Center, Massachusetts, presents a compelling investment opportunity. The property boasts four well-maintained buildings currently utilized as a mix of office and retail spaces, all under lease agreements extending through May 2025, ensuring immediate cash flow. The versatile zoning allows for both commercial and residential uses, providing significant flexibility for future development and expansion. The beautifully landscaped grounds enhance the property's aesthetic appeal and create a welcoming environment. The buildings themselves are in excellent condition, minimizing immediate capital expenditure needs. This unique offering combines the benefits of established income with the potential for future growth in a highly desirable location. The property's prime location in South Natick Center offers easy access to major transportation routes and a vibrant community. Given the current lease agreements and the property's zoning, this presents a rare opportunity for investors seeking a stable, income-generating asset with significant long-term potential. The asking price is $7,200,000. Prospective buyers are responsible for conducting their own due diligence.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,005,935
    Hospitality
    $1,837,425
    Educational
    $1,528,716
    Medical
    $1,581,291
    Retail
    $2,378,003
21 Eliot St, Natick, Massachusetts

Location Insight

City
Natick
County
Middlesex
State
Massachusetts
Latitude
42.2754
Longitude
-71.3144
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$30,602
$1,355,000
$1,141,100
$2,496,100
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