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Watertown Office/Flex Space Available
For Lease
$20 SF/Yr

98 Galen St, Watertown, MA 02472

Office/flex space with loading docks and basement storage available for lease.

Space SizeContact for details
Days on Market128

Property Features for 98 Galen St

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $55,192

Building Details

Year Built 1975
Listing Agency: Commonwealth Commercial Advisors, Inc.
Listed By: Stefan Frey · License #9510730
Source: Corcoran
Added: Apr 6 Changed: Aug 9 Last Checked: Jul 16 at 10:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commonwealth Commercial Advisors, Inc.

Investment Insights

Based on property information with market context.

This property offers 5500 square feet of office/flex space available for lease on the first floor. The space includes access to two loading docks and a freight elevator that provides access to an additional 1500 square feet of storage space located in the basement. The building features heavy power availability and ample parking, with 14 spaces. The location provides convenient access to the Mass Pike and Watertown Square.

Key Highlights

  • 5500 SF of flexible office/flex space on the 1st floor
  • Unbeatable location minutes from Mass Pike and Watertown Square
  • Access to two loading docks and a freight elevator

Property Analytics

Current Use

P & E Microcomputer ... Factory Viscom Systems Inc Security Service

Suggested Use

Top Pick Pharmacy Restaurant Grocery & Convenience Store Accounting Firm Bar & Pub Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,226
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02472, MA

35,392
Population
17,069
Households
2.1
Avg Household Size
39
Median Age
67%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
8,848
Density / Sq Mi
$123,383
Median Household Income
$77,537
Median Earnings
$2,356
Median Rent
$737,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Office/flex space with loading docks and basement storage available for lease.
Where is this flex space located?
The property is located at 98 Galen St Watertown, MA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 5500 SF of flexible office/flex space on the 1st floor; Unbeatable location minutes from Mass Pike and Watertown Square; Access to two loading docks and a freight elevator
More about this property
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