473 Main St, Watertown, MA 02472
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
LB · Watertown, MAWatertown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.