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 6/30/2025 (with 30 days notice to vacate starting 2/1/2025) to a religious school that is building a new facility. The ground level is HC accessible. Residential redevelopment or owner live-in is possible. Buyers need to do their own due diligence.
The Town of Natick sold an abutting Town owned building to a developer of affordable housing. 32 Units are planned for the abutting parcel.
Available for lease at $5,500/month NNN or for sale at $795,000
| Price: | $795,000 |
| Address: | 40 Eliot Street |
| City: | Natick |
| State: | MA |
| Year Built: | 1930/2000 |
| Floors: | 2 |
| Square Feet: | 7,436 s.f. |
| Acres: | 0.31 |
| Property Type: | Church building now used as a school |
REDEVELOPMENT, SCHOOL or RELIGIOUS USE
40 Eliot Street, Natick is now used as a religious school. The most recent past use was a Montessori School. The current lease expires 8/31/2024, but the owners are discussing an extension through 6/30/2025 with notice to vacate prior to 6/30/2025. The current rent is $6,000/m NNN. Although the property is not zoned for multifamily use - Natick has been receptive to affordable housing projects. It is believed that a nonprofit or for profit educational use would be allowed. Lessees and Buyers are responsible for doing their own due diligence.