Address
71 Elm, Watertown, MA
Price
$ 588,000
Property Attributes
- MLS#73224320
- TypeCommercial
- CountyMIDDLESEX
- CityWatertown
- AreaEast Watertown
- Zip02472
- StyleCommercial
- Year Built1932
- Taxes$ 8160
- Price$ 588,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Lot Size3,049 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
FULLY STABILIZED - This single-tenant, free-standing retail site is leased to a stable food operator until July 2032. Tenant is currently paying $2,600/mo gross + utilities until July 2024, when the rent bumps to $2,800/mo followed by 3% annual increases. A safe, starting investment for someone looking to get into the commercial ownership world and diversify their portfolio. The site directly abuts the Watertown Mall, which was acquired by Alexandria Real Estate Equities for $130M in 2021. This is your chance to be a part of the red-hot Watertown submarket that is being redeveloped as the new life science destination and innovation corridor of greater Boston. Reach out to the listing broker via email or text/call to schedule your showing.
| Price History | |
|---|---|
| 4/16/2024 | Listed $588,000 |
General Features
| Utilities | Public Water,Public Sewer |
|---|---|
| Zoning | I-1 |
| Year Built | 1932 |
| Tax Year | 2023 |
| Gross Income | 31200 |
| Business Type | Commercial |
| County | Middlesex |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Located directly across the street from the Watertown Mall & .7 mi from Soldiers Field Rd in Boston. |
| City | Watertown |
| Senior Community Y/N | No |
| Zoning Description | Legal Conforming |
| MLS Area | East Watertown |
| Lot Size Square Feet | 3092 |
| Waterfront Y/N | No |
| Street Name | Elm |
| Tax Annual Amount | 8160 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Lease Type | Gross |
| Standard Status | Active |
Interior Features
| Total Baths | 1 |
|---|
Exterior Features
| Total Parking | 1 |
|---|---|
| Lot Size Area | 0.07 |
| Lot Size Acres | 0.07 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02472
Price
Taxes
Visits
Year Built
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