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 TypeCommercial
- NeighborhoodN/A
- CountyMiddlesex
- Taxes$8,160
- HOA/Condo/Coop Fees$0
- Days on Site32 Days
- MLS StatusActive
- MLS ID Number73224320
- Home Size Source N/A
- Year Built1932
- Lot Size0.07 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 1
- Acreage 0.07
- Zoning I-1
- Buyer Agent Compensation 2
- Facilitator Compensation 1
Exterior Features
- Waterfront Property No
Community Features
- Senior Community No
- MLS Area East Watertown
- Adult Care Community No