321 Speen StNatick, MA 01760

Property Details for 321 Speen St

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

12.99 AC

Property size (Sq ft)

215,426 SF

Zone code

CII

Property type

Super regional malls

APN

NATI M:00000017 P:0000004C

APU

NATIM00000017P0000004C

Description

This exceptional retail opportunity presents 9,000 square feet of vacant space within the Cloverleaf Shops, a single-tenant strip center totaling 180,868 square feet. Located at 321 Speen Street in Natick, Massachusetts (zip code 01760), this property boasts a highly visible street presence in Middlesex County. The existing building offers significant potential for a variety of retail uses, benefiting from its established location and ample space. The property's address is easily accessible and well-suited for attracting a substantial customer base. With 9,000 square feet available for lease, this space provides a significant opportunity for businesses seeking to establish or expand their presence in the thriving Natick market. The property type is retail, specifically a strip center, offering a convenient and attractive retail environment. The property's location in Natick, MA, provides access to a strong local economy and a dense population base. This is a single-tenant space, offering the unique advantage of exclusive occupancy and control. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity. Further details regarding lease terms and conditions are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $40,751,700

  6.5%

  $37,617,000

  7%

  $34,930,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,273,500

  Geo Method

  $29,273,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $73,356,800

  Mixed-Use / Specialty

  $37,482,900

  Hospitality / Lodging

  $27,500,000

  Office

  $37,260,200

  Institutional / Educational

  $38,967,100

  Residential Income

  $45,591,500

  Multifamily

  $54,680,000

  Automotive / Energy

  $33,400,300

  Parking / Income-Based Land

  $11,526,100

  Restaurant / Food Service

  $19,495,100

  Healthcare / Senior Housing

  $38,438,000

Location Insight

City

Natick

County

Middlesex

State

Massachusetts

Latitude

42.3036

Longitude

-71.3794

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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