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You are here:
165 Days on Boston Pads
Price Reduced $23,000
5 Photos
$565,000
Type: Commercial
Gross
SQFT: N/A
1 Restroom
Parking: N/A
71 Elm
Watertown, MA 02472

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.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73249082

Financial

  • Gross Annual Income: 31200
  • Lease Type: Gross

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/02/2024Active$565,000MLSPIN
10/29/2024Extended$565,000MLSPIN
09/27/2024Active$565,000MLSPIN
09/23/2024Extended$565,000MLSPIN
09/09/2024Active$565,000MLSPIN
09/05/2024Price Change$565,000MLSPIN
08/04/2024Active$575,000MLSPIN
07/31/2024Price Change$575,000MLSPIN
07/16/2024Active$580,000MLSPIN
07/12/2024Price Change$580,000MLSPIN
06/11/2024Active$588,000MLSPIN
06/07/2024New$588,000MLSPIN
06/01/2024Expired$588,000MLSPIN
04/20/2024Active$588,000MLSPIN
04/16/2024New$588,000MLSPIN
03/30/2024Expired$588,000MLSPIN
03/01/2024Active$588,000MLSPIN
02/26/2024Extended$588,000MLSPIN
01/27/2024Active$588,000MLSPIN
01/23/2024Extended$588,000MLSPIN
12/22/2023Active$588,000MLSPIN
12/18/2023New$588,000MLSPIN
12/01/2023Expired$588,000MLSPIN
10/24/2023Active$588,000MLSPIN
10/20/2023New$588,000MLSPIN
07/09/2022Expired$2,800MLSPIN
07/08/2022Expired$2,800MLSPIN
06/25/2022Active$2,800MLSPIN
06/21/2022New$2,800MLSPIN
06/11/2022Expired$2,800MLSPIN
05/23/2022Active$2,800MLSPIN
05/19/2022Extended$2,800MLSPIN
05/06/2022Active$2,800MLSPIN
05/02/2022New$2,800MLSPIN
05/02/2022Active$2,800MLSPIN
04/16/2022Expired$2,800MLSPIN
03/23/2022Extended$2,800MLSPIN
02/11/2022Extended$2,800MLSPIN
01/12/2022Active$2,800MLSPIN

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Map & Resources

St. Stephen's Armenian School

Private School, Grades: PK-5

0.21mi

Saint Stephen's Armenian Elementary School

Grades: 1-6

0.24mi

Atrium School

Private School, Grades: K-6

0.25mi

Kura Sushi

Sushi (Fast Food)

0.31mi

Chipotle

Mexican (Fast Food)

0.38mi

Joyful Garden

Chinese Restaurant

0.19mi

Tori Jiro

Japanese Restaurant

0.34mi

Stella's Pizza

Pizzeria. Offers: Vegetarian

0.37mi

Cha Yen

Thai Restaurant. Offers: Vegan, Vegetarian

0.37mi

Emilio's Homemade Italian Subs and Dinners

Italian Restaurant

0.38mi

Green Peapod

Chinese Restaurant. Offers: Vegetarian

0.4mi

Massachusetts State Police Brighton Office

Police

0.59mi

East End Fire Station

Fire Station

0.39mi

The Majestic 7

Cinema

0.28mi

Aresenal Performance

Fitness Centre. Sports: Fitness, Athletics

0.08mi

GymIt

Fitness Centre

0.16mi

Central Rock Gym Arsenal Yards

Fitness Centre. Sports: Climbing

0.29mi

Artemis Yoga

Fitness Centre. Sports: Yoga

0.39mi

Filippello Park

Municipal Park

0.01mi

Watertown-Cambridge Greenway

Park

0.1mi

Watertown-Cambridge Greenway

Park

0.14mi

Watertown-Cambridge Greenway

Park

0.31mi

Arsenal Park

Municipal Park

0.36mi

Watertown-Cambridge Greenway

Park

0.37mi

Sullivan Playground

Municipal Park

0.44mi

East Housing Project Playground

Playground

0.28mi

Coolidge Playground

Playground

0.45mi

Watertown Savings Bank

Bank

0.35mi

Citizens Bank

Bank

0.38mi

Bank of America

Bank

0.39mi

Hair Pluss

Hairdresser

0.32mi

Exotic Nails and Spa

Nails, Waxing

0.37mi

Praan Thai Massage

Massage

0.39mi

Liz's Salon

Hairdresser

0.4mi

Watertown Mutual

Gas Station

0.37mi

CVS Pharmacy

Pharmacy

0.39mi

Target

Department Store

0.1mi

Victoria Spa

Convenience

0.37mi

Roche Bros.

Supermarket

0.34mi

Sevan Bakery

Supermarket

0.36mi

Arax Market

Supermarket

0.36mi

Massis Bakery

Supermarket

0.39mi

Arsenal St @ Elm St

70

0.23mi

Arsenal St @ Arlington St

70

0.26mi

Arsenal St @ Forge Rd

70

0.28mi

Arsenal St @ Watertown + Arsenal Mall

70

0.3mi

500 Arsenal St - Watertown + Arsenal Mall

70

0.31mi

Mt Auburn St @ Bigelow Ave

71

0.39mi

Mt Auburn St @ Kimball Rd

71

0.41mi

Mt Auburn St @ Upland Rd

71

0.42mi

Seller's Representative: Sean Rose, City Realty Group
MLS ID#: 73249082

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2024-11-02 03:06:00

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