Property Description

Rarely available opportunity in the heart of Natick Center. 49 Summer Street, a two-family house PLUS 20 Spring Street, a detached commercial/retail building situated adjacently. This property will most likely be a total/gut renovation or teardown for highest/best use. Tremendous potential for transformation/redevelopment. The property sits steps from other recently constructed developments on Summer Street. Natick Center is thriving with revitalization; a high demand for redevelopment and mixed-use residential. Rental rates offer significant upside potential: the same tenants resided for 25 and 30 year at the outdated amount of $2000/month. Commercial unit was also below market rate at $2700 per month. Strong demand for new construction townhomes, condominiums and retail space. This is the ideal location for your next successful project. Buyer to perform due diligence / verify all details and information to their satisfaction. An exceptional setting in an unbeatable location.