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You are here:
Home Massachusetts Watertown Commercial Properties for Sale

109 Nichols Ave Watertown, MA 02472

66 Days on Boston Pads
6 Photos
$2,425,000
Type: Mixed Use
Gross
SQFT: N/A
Restrooms: N/A
Parking: N/A
109 Nichols Ave
Watertown, MA 02472

Property Description

Discover a prime investment opportunity With approximately 130k of NOI. This fully-rented, 6 unit mixed-use property is situated in a highly desirable location.2 expansive residential units and four profitable commercial spaces offer a diverse income stream. Over 2500 SQF residential units have a private entrance on the second floor. Include a spacious 3-BR, 2-BA home with an open floor plan. Modern kitchen with/ updated appliances and quality finishes throughout, in-unit laundry, central AC, and 6 parking enhance comfort and convenience. Over 3500 sqft of well-maintained commercial space on the ground floor is currently occupied by 4 thriving businesses, including a well-stocked grocery store and a popular restaurant. The grocery store serves exceptional food and is a staple in the community. The restaurant, known for its high traffic and delicious menu, attracts a steady stream of customers. Potential for increased income on all units. Perfect 1031 Exchange Investment

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Conforming
  • MLS ID#: 73278109

Financial

  • Gross Annual Expenses: 36159
  • Gross Annual Income: 165600
  • Net Operating Income: 129440
  • Lease Type: Gross

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
08/19/2024Active$2,425,000MLSPIN
08/15/2024New$2,425,000MLSPIN

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Map & Resources

Saint Stephen's Armenian Elementary School

Grades: 1-6

0.16mi

St. Stephen's Armenian School

Private School, Grades: PK-5

0.17mi

Open Wings Child Care Center

Grades: PK-K

0.24mi

Hosmer School

Public Elementary School, Grades: PK-5

0.38mi

Atrium School

Private School, Grades: K-6

0.44mi

Kura Sushi

Sushi (Fast Food)

0.39mi

Chipotle

Mexican (Fast Food)

0.42mi

Fordee's

International Restaurant. Offers: Vegan, Vegetarian

0.17mi

Green Peapod

Chinese Restaurant. Offers: Vegetarian

0.18mi

Stella's Pizza

Pizzeria. Offers: Vegetarian

0.25mi

Joyful Garden

Chinese Restaurant

0.26mi

Cha Yen

Thai Restaurant. Offers: Vegan, Vegetarian

0.26mi

Emilio's Homemade Italian Subs and Dinners

Italian Restaurant

0.3mi

East End Fire Station

Fire Station

0.2mi

Mosesian Center for the Arts

Theatre

0.36mi

The Majestic 7

Cinema

0.46mi

Artemis Yoga

Fitness Centre. Sports: Yoga

0.32mi

Aresenal Performance

Fitness Centre. Sports: Fitness, Athletics

0.41mi

GymIt

Fitness Centre

0.44mi

Central Rock Gym Arsenal Yards

Fitness Centre. Sports: Climbing

0.45mi

Watertown-Cambridge Greenway

Park

0.22mi

Watertown-Cambridge Greenway

Park

0.24mi

Watertown-Cambridge Greenway

Park

0.29mi

Filippello Park

Municipal Park

0.31mi

O'Connell Park

Municipal Park

0.34mi

Sullivan Playground

Municipal Park

0.38mi

Arsenal Park

Municipal Park

0.41mi

Watertown-Cambridge Greenway

Park

0.42mi

Oakley Country Club

Golf Course

0.41mi

East Housing Project Playground

Playground

0.05mi

Coolidge Playground

Playground

0.4mi

Splash Pad

Playground

0.46mi

East Library

Library

0.23mi

Library

Library

0.44mi

Praan Thai Massage

Massage

0.24mi

Exotic Nails and Spa

Nails, Waxing

0.26mi

Liz's Salon

Hairdresser

0.28mi

Hair Pluss

Hairdresser

0.35mi

Coolidge Square Self-Service Coin Laundry

Laundry

0.28mi

Whale-of-a-Wash

Laundry

0.3mi

Target

Department Store

0.25mi

Victoria Spa

Convenience

0.25mi

CVS Pharmacy

Pharmacy

0.34mi

Massis Bakery

Supermarket

0.18mi

Arax Market

Supermarket

0.21mi

Sevan Bakery

Supermarket

0.23mi

Mt Auburn St @ Adams St

71

0.18mi

Mt Auburn St @ Upland Rd

71

0.19mi

Mt Auburn St @ Winsor Ave

71

0.24mi

Mt Auburn St @ School St

71

0.27mi

Mt Auburn St @ Bigelow Ave

71

0.29mi

Arsenal St opp Talcott Ave

70

0.31mi

Arsenal St @ Talcott Ave

70

0.31mi

Mt Auburn St @ Adams Ave

71

0.32mi

Seller's Representative: Zahra Zoglauer, Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS ID#: 73278109

© 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 2024-08-19 03:05:00

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