109 Nichols Ave Watertown, MA 02472-4128

This exceptional mixed-use property at 109 Nichols Ave, Watertown, MA presents a compelling investment opportunity. The property sits on a 0.13-acre lot and is offered at $2,375,000. The building boasts approximately 3,500 square feet of ground-floor commercial space, currently fully occupied by four thriving businesses. These include a well-regarded grocery store, a popular restaurant, and two additional commercial tenants, generating a substantial income stream. The restaurant is known for its high customer traffic and appealing menu, while the grocery store is a community staple. Upstairs, the property features over 2,500 square feet of residential space, divided into two expansive units. One unit is a spacious three-bedroom, two-bathroom home with an open floor plan, modern kitchen with updated appliances, in-unit laundry, central air conditioning, and quality finishes throughout. All residential units have private second-floor entrances. The property also includes six parking spaces. The current net operating income (NOI) is approximately $130,000, offering significant potential for increased income through future rent adjustments and lease negotiations. This fully-rented property is ideally suited for investors seeking a diversified income stream and strong potential for appreciation in a highly desirable Watertown location. This property is perfect for a 1031 exchange.