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    Property profile & analytics
    OFF-MARKET Estimated value $560,000
    Retail space

    473 Main St, Watertown, MA 02472

    3,047 SF 0.07 ac lot Built 1930
    Entity Owned 20-yr Hold ~ Est. High Equity
    Property ID
    US38-1671668
    Property summary
    AI-generated overview

    This exceptional free-standing commercial building, situated at 473, 475, and 477 Main Street in Watertown, MA, presents a unique investment opportunity. Boasting a total of 6,129 square feet, including a full basement, this property offers significant versatility. The building features three street-level retail entrances, providing ample access and visibility for potential businesses. Its prime location on Route 20, with proximity to Route 16, ensures high traffic volume and excellent exposure. A public bus stop (#70) is conveniently located directly in front of the property, enhancing accessibility for customers and employees. The 0.07-acre lot provides ample space for potential expansion or outdoor amenities. This property is ideally suited for a variety of uses, including its current configuration as a dry cleaner, or redevelopment into other commercial ventures such as architect offices, retail spaces (e.g., coffee shops), medical facilities, or daycare centers. The substantial square footage and multiple entrances offer flexibility for various business models. This is a rare opportunity to acquire a well-located, sizeable commercial building with significant redevelopment potential in a thriving Watertown neighborhood. The asking price is $1,590,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1930
    Construction FRAME
    Total area 3,047 SF
    Lot 0.07 ac (3,223 SF)
    Zoning code LB
    APN WATE M:0601 B:0037B L:0000
    UPID US38-1671668
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $360k
    CAP Approach CAP
    $675k
    Comparable Approach Comparable
    $366k
    Blend (final) Blend
    $560k
    Owner & transaction history
    Chois Go Cleaners LLC · 20 yrs held
    Chois Go Cleaners LLC
    since 2005
    2 recorded transactions
    2005
    $600,000
    2003
    $330,000
    Zoning & alternative use
    LB · Watertown, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $860,000 +4.4%
    Neighborhood: shopping center $845,000 +2.8%
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