$588,000
71 Elm
Watertown, MA, 02472
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.
Property Details
Price:
$588,000
MLS #:
73224320
Status:
Active
Beds:
0
Baths:
1
Address:
71 Elm
Type:
Commercial
City:
Watertown
Listed Date:
Apr 16, 2024
State:
MA
ZIP:
02472
Lot Size:
3,092 sqft / 0.07 acres (approx)
Year Built:
1932
Schools
Interior
Exterior
Parking Spots
1
Financial
Buyer Agent Compensation
2%
Tax Year
2023
Taxes
$8,160
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of City Realty Group. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
71 Elm
Watertown, MA
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