71 Elm Watertown, MA ^$ 588,000

71 Elm

^$ 588,000

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71 Elm

Watertown, MA, 02472

^$ 588,000

Studio Baths1.0

Monthly Estimate*

^$ 4,107

Studio

Commercial Property for sale in Watertown, MA

for $588,000 with 1 full bath. This building was built in 1932 on a lot size of 0.07.

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.

Commercial Active

Price

^$ 588,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 8,160

Style

Commercial

Lot Size

0.07

Year Built

1932

Town/City

Watertown

County/Region

Middlesex

MLS | Web ID

73224320

List By

Sean Rose

Listing Agent

City Realty Group

Broker

Affordability Calculator

$4,787

Per Month

Monthly Principal & Interest: $4,107
Monthly Property Taxes: $680
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Commerical listings in Watertown, MA

Average List Price ^$1,282,583

Percent of Sale Price 118%

About Watertown, MA

34,740 Population

6% Since 2002

^$93,547 Median Income

41.16 Median Age

21% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
4/16/2024	$588,000		Listed Price

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71 Elm, Watertown, MA, 02472 is a Commercial Property for sale at $588,000 with a lot size of 0.07. 71 Elm is a studio with 1.0 baths and was built in 1932. The property's zip code is 02472 which is in Watertown, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 4/30/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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71 Elm

Commercial Property for sale in Watertown, MA

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