473 Main St Watertown, MA 02472
Property profile & analytics
473 Main St Watertown, MA 02472
- Retail space
- 3,047 SF
- 0.07 lot acres
Property ID
US38-1671668
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 473 Main St
- Year built
- 1930
- Construction
- FRAME
- Lot size
- 0.07 lot acres
- Property size
- 3,047 SF
- Zone code
- LB
- Property type
- Retail space
- APN
- WATE M:0601 B:0037B L:0000
- APU
- WATEM0601B0037BL0000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $360,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $730,000
- 6.5%
- $675,000
- 7%
- $625,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $366,000
Market price range: $228k - $578k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $820,000 Current use
- AUTO REPAIR, GARAGE
- $860,000 Change: +4% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $845,000 Change: +3% Conversion: Moderate
- OFFICE BUILDING
- $665,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1959
- Latitude
- 42.3714
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,269
$454,000
$380,900
$834,900
-
$0.00
$0.00
$0.00
