71 Elm St - Restaurant FOR SALE


Watertown, MA 02472- East Watertown
$565,000 USD
617-997-8351
71 Elm St, Watertown, MA for Sale
$565,000 USD
Restaurant - FOR SALE
1/5
null | 6.72% Cap Rate

71 Elm St
Watertown, MA 02472
East Watertown


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

Commercial

APN/PARCEL ID

WATE-001237-000027C

ASK ABOUT THIS PROPERTY

Sean RoseCity Realty GroupMore Info
617-997-8351

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Sean RoseCity Realty GroupMore Info
617-997-8351

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.