71 Elm Active Save Request In-Person Tour Request Virtual Tour
Watertown,MA 02472
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73249082
Year Built 1932
Annual Tax Amount $8,160
Tax Year 2023
Lot Size 3,049 Sqft
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.
Location
State MA
County Middlesex
Area East Watertown
Zoning I-1
Exterior
Utilities Available Public Water,Public Sewer