Listing Broker: MARLENE ARON 508-740-0000

www.metrowestcre.com The above information is from sources deemed reliable but cannot be guaranteed to be completely accurate. Prospective Buyers are advised to verify

information. MWCRE represents the Seller. INFO DATE 8-17-2017

REDUCED - $999,900

CURRENTLY THE BUILDING IS CONFIGURED AS RETAIL 3,012 S.F. FIRST FLOOR,

A 3 BEDROOM 2 STORY APARTMENT/1FULL BATH, ON 2ND

& 3RD

FLOOR AND

DRIVE-IN LOWER LEVEL WITH ½ BATH.

WALK TO TRAIN, ALL DOWNTOWN STORES & RESTAURANTS.

30 N. MAIN WAS THE “NATICK APPLIANCE STORE” FOR OVER 30 YRS – THE FIRST FLOOR CAN

BE 2 OR 3 SEPARATE RETAIL STORES WITH A CONNECTED DRIVE-IN LOWER LEVEL or THE

LOWER LEVEL CAN BE LEASED SEPARATELY, IT HAS A ½ BATH.

THE 2ND

FLOOR IS A 3 BEDROOM APARTMENT & IS NOW LEASED FOR $1,500/M + UTIL.

TENANT-AT-WILL.

FOR SALE

Investment opportunity or perfect for business owner

MIXED-USE RETAIL & RESIDENTIAL BLDG.

RT. 27 ~ 30 NORTH MAIN STREET, NATICK, MA

FORMER APPLIANCE

STORE

TO

WN

HO

US

ES

30 NORTH MAIN ST.

NATICK, MA

INTERIOR PICTURES

FEATURES:

Zoning/uses : RG (Residential General) and the Ind.1 (Industrial I) zones.

Also, it falls within a HOOP (Housing Overlay Option Plan-II) zone,

but 20,000 s.f. is needed for development on HOOP II –

Developers should check for waivers.

Hoop 1 is 10,000 s.f. lot minimum.

Retail use may be pre-existing nonconforming.

Building : 5,112 s.f. as follows – Town information ( s.f. needs to verified because the s.f.

does not add up to the total )

3,012 s.f. First Floor;

2,288 s.f. Lower Level,

Apartments: 720 s.f. on Second Floor + approx. 250 s.f. on Third Floor.

Lot : 10,585 s.f.

Water/Sewer : Town Water/Sewer

Year Built : 1943

A.C. : Apartments – Window Units, HVAC – First Floor wall units

Heat : Gas – First and Lower Levels. Apartment Gas – 2nd

floor & Electric unit 3rd

floor.

Electric : 1st & Lower level - one meter, Apartments – separate meters.

Construction : Wood Frame

Roof : New 2017 Asphalt main, new rubber on low sloped section

Parking : Not lined approx.10 – 14 including deeded daytime parking infront of townhouses

Assessed Value : $679,700 (2017)

R.E. Taxes : $9,169 (2017)

BATHROOMS : 2 half baths retail, 1 half bath bsmt + 1 full bathroom in apartment. Additional

plumbing into retail first floor for more bathrooms

Listing Broker: MARLENE ARON 508-740-0000

www.metrowestcre.com The above information is from sources deemed reliable but cannot be guaranteed to be completely accurate. Prospective Buyers are advised to verify

information. MWCRE represents the Seller.

RT. 27 ~ 30 NORTH MAIN ST

NATICK, MA

30 NORTH MAIN ST

NATICK, MA

Listing Broker: MARLENE ARON 508-740-0000

www.metrowestcre.com The above information is from sources deemed reliable but cannot be guaranteed to be completely accurate. Prospective Buyers are advised to verify

information. MWCRE represents the Seller.

INVESTMENT / RETAIL, INDUSTRIAL WITH 2 APARTMENTS ANALYSIS:

1st Floor Retail: $14.00/s.f. NNN + util. = 3,036 s.f. = $42,504/yr. NNN – 1/3 NNN ( vacant now )

Lower level: $8.50/s.f. NNN + util. = 2,288 s.f. = $19,448/yr. NNN – 1/3 NNN ( vacant now )

Two 2 bedroom apts: $1,500/month each = $3,000/month =$36,000/yr. – 1/3 NNN paid by owners

TOTAL: $97,952/year

ESTIMATED NNN:

Taxes: $10,000

Insurance: $1,500

Snow/landscape: $1,000

Water/Sewer: $1,500 – tenant

15% - maintenance management, vacancy & repairs

INVESTMENT AS IS : 1

st Floor Retail: $14.00/s.f. NNN + util. = 3,036 s.f. = $42,504/yr. NNN – 1/3 NNN ( vacant now )

Lower level: $8.50/s.f. NNN + util. = 2,288 s.f. = $19,448/yr. NNN – 1/3 NNN ( vacant now )

1 (3) bedroom apts: $1,500/month + util = $18,000/yr. – 1/3 NNN paid by owners

TOTAL: $79,952/year – 15% maint., vacancy etc. = $67,959 – 1/3 EXP - $750/yr. w & s =

$62,292. = CARRIES A MORTGAGE OF $934,000.

Projected gross income - $97,952

15% maint, vacancy etc - $ 14,692

<1/3 expenses & $1,500 w & s> - $5,666

Approx. NOI - $77,593.

Carries mortgage $1.1m

This does not take into consideration

construction costs for 2 (2) bdrm. Apts.

apartments.

30 NORTH MAIN ST

NATICK, MA

This property is in both the RG (Residential

General) and the In1 (Industrial I) zones. Also

it falls within a HOOP II (Housing Overlay

Option Plan-II) zone.