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71 Elm St
Watertown, MA 02472
Retail Property For Sale
EXECUTIVE SUMMARY
FULLY STABILIZED - Single-tenant, free-standing retail site is leased to a stable food operator until July 2032. Tenant is currently paying
$2,800/mo with 3% annual increases. 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.
$2,800/mo with 3% annual increases. 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 FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,552 SF
Building Class
C
Year Built/Renovated
1932/2024
Price
$777,225 CAD
Price Per SF
$500.79 CAD
Cap Rate
6.72%
NOI
$52,191 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.70 AC
Zoning
Commercial
PROPERTY TAXES
| Parcel Number | WATE-001237-000027C | Improvements Assessment | $103,909 CAD |
| Land Assessment | $473,116 CAD | Total Assessment | $577,025 CAD |
PROPERTY TAXES
Parcel Number
WATE-001237-000027C
Land Assessment
$473,116 CAD
Improvements Assessment
$103,909 CAD
Total Assessment
$577,025 CAD
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