130 Arsenal St, Unit 150 Watertown, MA 02472-2717
- Investment properties
- 176,625 SF
- 5.76 lot acres
Current Use by Public Records
- Zipcar Location / Freight Service / Logistics Company
- Elan Union Market Apartments / Real Estate Agency
Property Details for 130 Arsenal St
- Year built
- 2017
- Construction
- CONCRETE
- Lot size
- 5.76 lot acres
- Property size
- 176,625 SF
- Zone code
- I-3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- WATE M:1038 B:0001 L:0002
- APU
- WATEM1038B0001L0002
Description
Arsenal Yards in Watertown, Massachusetts, offers exceptional executive office space within a vibrant mixed-use development. This prime location boasts 1,000,000 square feet of total building space, with 650,000 square feet currently available for lease. The property is ideally suited for businesses seeking flexible space options, with a minimum divisible space of 250,000 square feet and a maximum contiguous space of 400,000 square feet. Situated at 130 Arsenal Street, Watertown, MA 02472 (Middlesex County), this property benefits from its strategic location at the intersection of Cambridge and Boston. Arsenal Yards is a thriving community, attracting over 4.5 million visitors in 2023, thanks to its diverse offerings including retail, dining, fitness centers, entertainment venues, and ample green space. Its accessibility is unparalleled, with convenient access by car, public transportation, bike paths, and pedestrian walkways. The surrounding area features a high concentration of residential properties, life science and lab spaces, and prestigious universities, creating a dynamic and desirable environment for businesses and employees alike. This presents a unique opportunity to establish a presence in a thriving, well-connected, and highly sought-after location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $48,570,000
- 6.5%
- $44,835,000
- 7%
- $41,635,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $26,961,000
Market price range: $7.32M - $27.0M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $62,185,000 Current use
- RESTAURANT
- $51,280,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.177
- Latitude
- 42.3652
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA