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Property profile & analytics

473 Main St Watertown, MA 02472

  • Retail space
  • 3,047 SF
  • 0.07 lot acres
OFF-MARKET
Value Estimations
$560,000
Show details
Cap Rate Potential
Location Intelligence
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.

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 valuation — 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
More about this property
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