$588,000
71 Elm, Watertown, MA
0.07
Acres
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.
Facts & Features
| MLS® # | 73224320 |
|---|---|
| Price | $588,000 |
| Bathrooms | 0.00 |
| Acres | 0.07 |
| Year Built | 1932 |
| Type | Commercial Sale |
| Status | Active |
| Taxes | $8,160 |
| Tax Year | 2023 |
Community Information
| Address | 71 Elm |
|---|---|
| Area | East Watertown |
| City | Watertown |
| County | Middlesex |
| State | MA |
| Zip Code | 02472 |
Amenities
| Utilities | Public Water, Public Sewer |
|---|---|
| Parking Spaces | 1 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Basement | No |
Additional Information
| Zoning | I-1 |
|---|---|
| Condo Fees | $0 |
| Utility Connections | Public Water, Public Sewer |
Listing Details
| Agent | Sean Rose |
|---|---|
| Office | City Realty Group |
| Buyer Agent Compensation | 2 |
| Facilitator Compensation | 1 |