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    71 Elm A Watertown, MA 02472

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    For Sale
    $575,000

    Single-tenant retail property near Watertown Mall, leased until 2032.

    Lot size:
    0.07 Acres

    Property Features for 71 Elm A

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1932

    Source: City Realty Group Agent Sean Rose

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Watertown Retail Investment Opportunity

    This single-tenant, free-standing retail property is leased to a food operator until July 2032. The tenant's current rent is $2,800 per month gross, plus utilities, with 3% annual increases. The property is located adjacent to the Watertown Mall, which was acquired by Alexandria Real Estate Equities for $130 million in 2021. This location offers an opportunity to invest in the Watertown submarket, which is undergoing redevelopment as a life science destination and innovation corridor in the greater Boston area.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    Watertown Florist Shop, Anthony's Florist, Paradise Flowers, Bloomfor, Bloomfor flower delivery

    Map

    City
    Watertown
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1777
    Latitude
    42.3702

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    FAQs

    What type of property is this?
    Storefront property - Single-tenant retail property near Watertown Mall, leased until 2032.
    Where is this storefront property located?
    The property is located at 71 Elm A Watertown, MA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Leased to a stable food operator until July 2032, providing long-term income.; - Tenant pays $2,800/month gross + utilities with 3% annual increases.; - Located in the red-hot Watertown submarket, a growing life science and innovation hub.
    (617) 997-8351
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    71 Elm A Watertown, MA 02472
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    Watertown, MA 02472
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71 Elm A Watertown, MA 02472
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