71 Elm
$565,000
0.07
Acres
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$565,000
0.07
Acres
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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.
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Highlights
- Area: East Watertown
- Property Class: Commercial Sale
- Status: Active
- Parking Spots: 1
- Year Built: 1932
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Additional Details
- Zoning: I-1
- Zoning Description: Legal Conforming
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Fees / Taxes
- Buyer Agent Compensation: 2%
- Tax Year: 2023
- Facilitator Compensation: 1%
- Taxes: $8,160
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Listing information provided courtesy of City Realty Group.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.