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Active

71 Elm Watertown. MA 02472

$565,000

Commercial Sale

0 Bedrooms

0 Bathrooms

0 sq ft

1 Parking Spots

Built in 1932

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.

This listing has been viewed 120 times in the past 170 days

Last Updated: November 3rd, 2024 at 4:18am

General Information for 71 Elm, Watertown, Massachusetts 02472

Property TypeCommercial Sale

Price$565,000

MLS #73249082

List Date2024-06-07

Special Listing ConditionsNo

StateMassachusetts

Street NameElm

Unit

CityWatertown

Zip Code02472

CountyMiddlesex

MLS Status

AssociationNo

Heat Zones

Sold Date

Building Area Total

Building Area Units0

Close Date

Close Price$0

Listing Service

UnparsedAddress71 Elm, Watertown MA 02472

Zoning

Zoning DescriptionLegal Conforming

Business TypeCommercial

Interior Features for 71 Elm, Watertown, Massachusetts 02472

* Approx. Living Area Total0 sq ft

MLS Area (Major)East Watertown

OffMarketDate

Exterior Features for 71 Elm, Watertown, Massachusetts 02472

* Parking Spaces1

* Year Built1932

Year Built Details

Year Built Source

Construction MaterialsNo

Approx. Street Frontage

Utilities

Disclosures for 71 Elm, Watertown, Massachusetts 02472

Buyer Agent Compensation2

Contingency

FinancingNo

Disclosures

Documents AvailableNo

MLSPIN_COMP_BASED_ON

MLSPIN_COOP_COMP

MLSPIN_DISCLOSURE

Lead PaintUnknown

Facilitator Compensation1

TransactionBrokerCompensationType

BuyerAgencyCompensationType

Financial Information for 71 Elm, Watertown, Massachusetts 02472

Association Fee$0

Association Fee Frequency

Associaton Fee IncludesNo

AssociationNo

Assessed Value

Real Estate Tax$0

Tax Year

Existing Lease TypeGross

OriginalListPrice$588,000

Lifestyle Information for 71 Elm, Watertown, Massachusetts 02472

Association AmenitiesNo

Frontage Type

GarageYNNo

Location information for 71 Elm, Watertown, Massachusetts 02472

Marketing History for 71 Elm, Watertown, Massachusetts 02472

MLSPIN_MARKET_TIME_BROKER

MLSPIN_MARKET_TIME_PROPERTY

PurchaseContractDate

Agent Information for 71 Elm, Watertown, Massachusetts 02472

Agent MLS IDCN247068

Office MLS IDNB1840

Buyer Agent MLS ID

Buyer Office MLS ID

Team MembersCN255048

Exclusive Listing Agent

Sean Rose

City Realty Group

Agent Phone

(617) 997-8351

Office Phone

(617) 751-5119

Text Agent Call Agent Call Office

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            [field_id] => 3069
            [type] => price
            [name] => LIST_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3074] => Array
        (
            [field_id] => 3074
            [type] => text
            [name] => AREA
            [value] => East Watertown
        )

[field_3075] => Array
        (
            [field_id] => 3075
            [type] => datetime
            [name] => ModificationTimestamp
            [value] => 02/11/2024 07:06:00
        )

[field_3094] => Array
        (
            [field_id] => 3094
            [type] => price
            [name] => SOLD_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3095] => Array
        (
            [field_id] => 3095
            [type] => number
            [name] => STREET_NUM
            [value] => 71
        )

[field_3097] => Array
        (
            [field_id] => 3097
            [type] => text
            [name] => TEAM_MEMBER
            [value] => CN255048
        )

[field_3098] => Array
        (
            [field_id] => 3098
            [type] => text
            [name] => TransactionBrokerCompensation
            [value] => 1
        )

[f_3102] => Array
        (
            [field_id] => 3102
            [type] => feature
            [name] => Waterfront
            [values] => Array
                (
                    [0] => No
                )

)

[field_3118] => Array
        (
            [field_id] => 3118
            [type] => price
            [name] => NOI
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[f_3125] => Array
        (
            [field_id] => 3125
            [type] => feature
            [name] => ROAD_TYPE
            [values] => Array
                (
                    [0] => No
                )

)

[field_3164] => Array
        (
            [field_id] => 3164
            [type] => boolean
            [name] => AvailableNow
            [value] => No
        )

[f_3166] => Array
        (
            [field_id] => 3166
            [type] => feature
            [name] => RENT_FEE_INCLUDES
            [values] => Array
                (
                    [0] => No
                )

)

[field_3168] => Array
        (
            [field_id] => 3168
            [type] => price
            [name] => SEC_DEPOSIT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3171] => Array
        (
            [field_id] => 3171
            [type] => text
            [name] => Office Phone
            [value] => 617-751-5119
        )

[field_3172] => Array
        (
            [field_id] => 3172
            [type] => text
            [name] => Agent Phone
            [value] => 617-997-8351
        )

[field_3178] => Array
        (
            [field_id] => 3178
            [type] => boolean
            [name] => AdditionalParcelsYN
            [value] => No
        )

[field_3184] => Array
        (
            [field_id] => 3184
            [type] => select
            [name] => BuildingAreaUnits
            [value] => Square Feet
        )

[field_3185] => Array
        (
            [field_id] => 3185
            [type] => text
            [name] => BuyerAgencyCompensation
            [value] => 2
        )

[f_3188] => Array
        (
            [field_id] => 3188
            [type] => feature
            [name] => CommunityFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3189] => Array
        (
            [field_id] => 3189
            [type] => price
            [name] => ConcessionsAmount
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[f_3190] => Array
        (
            [field_id] => 3190
            [type] => feature
            [name] => ConstructionMaterials
            [values] => Array
                (
                    [0] => No
                )

)

[field_3192] => Array
        (
            [field_id] => 3192
            [type] => number
            [name] => ParkingTotal
            [value] => 1
        )

[f_3195] => Array
        (
            [field_id] => 3195
            [type] => feature
            [name] => CurrentFinancing
            [values] => Array
                (
                    [0] => No
                )

)

[f_3196] => Array
        (
            [field_id] => 3196
            [type] => feature
            [name] => DocumentsAvailable
            [values] => Array
                (
                    [0] => No
                )

)

[f_3198] => Array
        (
            [field_id] => 3198
            [type] => feature
            [name] => DoorFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3200] => Array
        (
            [field_id] => 3200
            [type] => price
            [name] => ElectricExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3204] => Array
        (
            [field_id] => 3204
            [type] => text
            [name] => ExistingLeaseType
            [value] => Gross
        )

[field_3205] => Array
        (
            [field_id] => 3205
            [type] => date
            [name] => ExpirationDate
            [value] => 01/01/1900
        )

[field_3206] => Array
        (
            [field_id] => 3206
            [type] => select
            [name] => FarmLandAreaUnits
            [value] => Square Feet
        )

[f_3207] => Array
        (
            [field_id] => 3207
            [type] => feature
            [name] => FinancialDataSource
            [values] => Array
                (
                    [0] => No
                )

)

[field_3216] => Array
        (
            [field_id] => 3216
            [type] => price
            [name] => GrossIncome
            [raw] => 31200
            [unit_id] => 260
            [value] => $31,200
            [price_only] => $31,200
        )

[field_3220] => Array
        (
            [field_id] => 3220
            [type] => price
            [name] => InsuranceExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3222] => Array
        (
            [field_id] => 3222
            [type] => text
            [name] => ListingAgreement
            [value] => Exclusive Right To Sell
        )

[field_3223] => Array
        (
            [field_id] => 3223
            [type] => date
            [name] => ListingContractDate
            [value] => 07/06/2024
        )

[f_3225] => Array
        (
            [field_id] => 3225
            [type] => feature
            [name] => LotFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3226] => Array
        (
            [field_id] => 3226
            [type] => area
            [name] => LotSizeSquareFeet
            [value] => 3,092 Sqft
            [raw] => 3092
            [unit_id] => 1
        )

[field_3230] => Array
        (
            [field_id] => 3230
            [type] => price
            [name] => OperatingExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3231] => Array
        (
            [field_id] => 3231
            [type] => price
            [name] => OriginalListPrice
            [raw] => 588000
            [unit_id] => 260
            [value] => $588,000
            [price_only] => $588,000
        )

[f_3238] => Array
        (
            [field_id] => 3238
            [type] => feature
            [name] => SpecialListingConditions
            [values] => Array
                (
                    [0] => No
                )

)

[field_3240] => Array
        (
            [field_id] => 3240
            [type] => text
            [name] => UnparsedAddress
            [value] => 71 Elm, Watertown MA 02472
        )

[field_3241] => Array
        (
            [field_id] => 3241
            [type] => price
            [name] => WaterSewerExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3246] => Array
        (
            [field_id] => 3246
            [type] => text
            [name] => ZoningDescription
            [value] => Legal Conforming
        )

[f_3247] => Array
        (
            [field_id] => 3247
            [type] => feature
            [name] => BusinessType
            [values] => Array
                (
                    [0] => Commercial
                )

)

[field_3248] => Array
        (
            [field_id] => 3248
            [type] => datetime
            [name] => OriginalEntryTimestamp
            [value] => 07/06/2024 14:15:00
        )

[field_3265] => Array
        (
            [field_id] => 3265
            [type] => price
            [name] => MLSPIN_GRE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3266] => Array
        (
            [field_id] => 3266
            [type] => price
            [name] => MLSPIN_HTE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3281] => Array
        (
            [field_id] => 3281
            [type] => price
            [name] => MLSPIN_MGF
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3282] => Array
        (
            [field_id] => 3282
            [type] => price
            [name] => MLSPIN_MSE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3285] => Array
        (
            [field_id] => 3285
            [type] => price
            [name] => MLSPIN_OPTIONAL_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3290] => Array
        (
            [field_id] => 3290
            [type] => price
            [name] => MLSPIN_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3292] => Array
        (
            [field_id] => 3292
            [type] => price
            [name] => MLSPIN_RFS
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3293] => Array
        (
            [field_id] => 3293
            [type] => price
            [name] => MLSPIN_RME
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3301] => Array
        (
            [field_id] => 3301
            [type] => select
            [name] => RoomMasterBathroomFeatures
            [value] => Yes
        )

[field_3303] => Array
        (
            [field_id] => 3303
            [type] => text
            [name] => Co Agent Info
            [value] => [{"id":"CN255048","name":"Orlando Martinez","phone
        )

[f_3304] => Array
        (
            [field_id] => 3304
            [type] => feature
            [name] => AssociationAmenities
            [values] => Array
                (
                    [0] => No
                )

)

[f_3305] => Array
        (
            [field_id] => 3305
            [type] => feature
            [name] => TenantPays
            [values] => Array
                (
                    [0] => No
                )

)

[field_3306] => Array
        (
            [field_id] => 3306
            [type] => price
            [name] => GrossScheduledIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3311] => Array
        (
            [field_id] => 3311
            [type] => number
            [name] => BRE_Total_Parking
            [value] => 1
        )

)

EXIT

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