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 $2,800/mo gross + utilities with 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.
Additional Information
East Watertown
1
2023
Active
I-1
$565,000
: Gross
No
Active
Address Map
Watertown
Massachusetts
Middlesex
02472
W72° 50' 38.6''
N42° 21' 55.1''
Commercial Sale
71 Elm, Watertown, Massachusetts
3,092 Sqft
$565,000
Listing ID #73358298
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $565,000
Square Footage : 3,092 Sqft
Year Built : 1932
Lot Area : 0.07 Acre
Listing ID : 73358298