$3,900,000
108 Water St, Watertown, MA
21,600
Square feet
0.45
Acres
Don't miss out on this rare opportunity to invest in a value-add property located in one of Boston's hottest suburbs. With strong rental history and booming local economy, this boutique property offers incredible potential for investors and owner-users alike. Spanning approximately 21,600 square feet on 19,428 square foot of land, this property is zoned for office, lab, and other hi-tech uses. With low market rents, there is tremendous upside for rental income growth. On-site parking ensures convenience for tenants and visitors. Located adjacent to the Charles River walking and cycling paths, this property offers easy access to Boston, Cambridge, and the Mass Turnpike. The surrounding area boasts a vibrant and thriving community, making it an attractive destination for businesses and residents. Offered for the first time in a generation, this property presents an exceptional opportunity for investors and owner-users.
Facts & Features
| MLS® # | 73211295 |
|---|---|
| Price | $3,900,000 |
| Bathrooms | 0.00 |
| Square Footage | 21,600 |
| Acres | 0.45 |
| Year Built | 1963 |
| Type | Commercial Sale |
| Status | Active |
| Taxes | $34,228 |
| Tax Year | 2024 |
Community Information
| Address | 108 Water St |
|---|---|
| City | Watertown |
| County | Middlesex |
| State | MA |
| Zip Code | 02472-4604 |
Amenities
| Utilities | Public Water, Public Sewer, Natural Gas Available |
|---|---|
| Parking Spaces | 30 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Basement | No |
Additional Information
| Zoning | I-2 |
|---|---|
| Condo Fees | $0 |
| Utility Connections | Public Water, Public Sewer, Natural Gas Available |
Listing Details
| Agent | John Nealon |
|---|---|
| Office | W. J. Nealon Commercial Realty, Inc. |
| Buyer Agent Compensation | 2 |
| Facilitator Compensation | 1 |