71 Elm, Watertown, (East Watertown), MA, 02472
1932
FULLY STABILIZED - This single-tenant, free-standing retail site is leased to a stable food operator until July 2032. Tenant is currently paying $2,600/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.
Status:
Active
Town:
Watertown
Type:
Commercial
Zoning:
I-1
Parking:
1-car
Acreage:
0.07
Est. Taxes:
$8,160
Utilities
Public Water, Public Sewer
MLS #:
73224320
Buyer Agent Compensation:
2
Facilitator Compensation:
1
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Sean Rose, City Realty Group Phone: 617-751-5119