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40 Eliot St - Church/ School Bldg. Potential Redevelopment

7,436 SF Specialty Building Offered at $795,000 in Natick, MA 01760

Churches & Religious Facilities Massachusetts Natick 40 Eliot St, Natick, MA 01760

Investment Highlights

  • Sale or Lease - Open to options
  • Built as a Church, now used as a School
  • High income demographics, near Wellesley, MA
  • Redevelopment Potential into housing units
  • Approx. 7,500 s.f. on 2 floors with potential for lofts
  • Townhouses sell over $1M, Can be home with business - 2 attached bldgs.

Executive Summary

40 Eliot Street was built as a church and mostly recently renovated into a school with multiple classrooms. The building has been used as a Montessori School and is now rented until 6/30/25 (with 30 day notice to vacate starting 2/1/2025) to a religious school that is building a new facility. The ground level is HC accessible.
The Town of Natick is selling an abutting Town owned building to a developer of affordable housing. 32 Units are planned for the abutting parcel.
Available for lease. $ 5,500/m NNN

Attachments

Natick - 40 Eliot St. 12-2-24

Property Facts

Price $795,000 Building Class C
Price Per SF $107 Lot Size 0.31 AC
Sale Type Investment or Owner User Building Size 7,436 SF
Sale Conditions
Lease Option
  • Redevelopment Project
 No. Stories 2
Property Type Specialty Year Built/Renovated 1930/2000
Property Subtype
Religious Facility
  • Specialty Schools
 Parking Ratio 1.34/1,000 SF
Price $795,000
Price Per SF $107
Sale Type Investment or Owner User
Sale Conditions
Lease Option
  • Redevelopment Project
Property Type Specialty
Property Subtype
Religious Facility
  • Specialty Schools
Building Class C
Lot Size 0.31 AC
Building Size 7,436 SF
No. Stories 2
Year Built/Renovated 1930/2000
Parking Ratio 1.34/1,000 SF

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PROPERTY TAXES

Parcel Number NATI-000054-000000-000002 Improvements Assessment $1,156,800
Land Assessment $389,500 Total Assessment $1,546,300

PROPERTY TAXES

Parcel Number
NATI-000054-000000-000002
Land Assessment
$389,500
Improvements Assessment
$1,156,800
Total Assessment
$1,546,300

zoning

Zoning Code Residential General (some of the permitted uses are: Religious uses, schools, non-profit, country club, residential and 2 family by right.)
Residential General (some of the permitted uses are: Religious uses, schools, non-profit, country club, residential and 2 family by right.)
(508) 740-0000

  • Listing ID: 30841362

  • Date on Market: 2/1/2024

  • Last Updated:

  • Address: 40 Eliot St, Natick, MA 01760

More public record information on 40 Eliot St, Natick, MA 01760

The Specialty Property at 40 Eliot St, Natick, MA 01760 is currently available For Sale. Contact MetroWest Commercial Real Estate for more information.

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40 Eliot St - Church/ School Bldg. Potential Redevelopment
(508) 740-0000 x

40 Eliot St - Church/ School Bldg. Potential Redevelopment

Marlene Aron

(508) 740-0000

(508) 740-0000

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