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.
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Last Updated: June 12th, 2024 at 4:17am
General Information for 71 Elm, Watertown, Massachusetts 02472
Property TypeCommercial Sale
Price$588,000
MLS #73249082
List Date2024-06-07
Special Listing Conditions
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 Materials
Approx. Street Frontage
Utilities
Disclosures for 71 Elm, Watertown, Massachusetts 02472
Buyer Agent Compensation2
Contingency
Financing
Disclosures
Documents Available
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 Includes
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease TypeGross
OriginalListPrice$588,000
Lifestyle Information for 71 Elm, Watertown, Massachusetts 02472
Association Amenities
Frontage Type
GarageYNNo
Location information for 71 Elm, Watertown, Massachusetts 02472
Marketing History for 71 Elm, Watertown, Massachusetts 02472
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PurchaseContractDate
Agent Information for 71 Elm, Watertown, Massachusetts 02472