Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

71 Elm

East Watertown - Watertown, MA ID #73224320

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71 Elm

East Watertown - Watertown, MA ID #73224320

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 $2,600/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.

Additional Details

  • Status: ACT
  • Area: East Watertown
  • Zip Code: 02472
  • Taxes: 8,160
  • Acres: 0.07
  • Selling Broker Compensation: 1
  • Buying Broker Compensation: 2

Parking

  • Parking Spaces: 1

Location

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71 Elm, Watertown, MA

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Content © 2024 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Sean Rose 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.