$588,000
About this home
FULLY STABILIZED - This single-tenant, free-standing retail site is leased to a stable food operator until July 2032. Tenant is currently paying $2, 600/mo gross + utilities until July 2024, when the rent bumps to $2, 800/mo followed by 3% annual increases. A safe, starting investment for someone looking to get into the commercial ownership world and diversify their portfolio. The site directly abuts the Watertown Mall, which was acquired by Alexandria Real Estate Equities for $130M in 2021. This is your chance to be a part of the red-hot Watertown submarket that is being redeveloped as the new life science destination and innovation corridor of greater Boston. Reach out to the listing broker via email or text/call to schedule your showing.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.
- Real estate (PITI + HOA + PMI)
- $5,369
- Utilities
- $704
- Transportation
- $112
- Other (entertainment)
- $158
Quick facts
Neighborhood — 02472
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 32,523 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | -3.00% | 7.00% | 20.00% |
| Population Density | 7,763 | 786 | — |
| Male | 15,246 | 3,127,134 | 147,432,321 |
| Female | 17,277 | 3,317,797 | 151,655,844 |
| Never Married | 11,869 | 1,612,885 | 63,775,926 |
| Married | 11,478 | 2,586,314 | 123,120,365 |
| Separated | 1,285 | 247,857 | 12,639,686 |
| Widowed | 2,254 | 363,594 | 15,467,586 |
| Divorced | 1,786 | 436,888 | 23,075,029 |
| Number Of House Hold | 14,325 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.18 | 2.56 | 2.60 |
| Medial Age | 38.32 | 37.25 | 35.46 |
| Median House Hold Income | $68,864 | $57,698 | $48,276 |
| Average House Hold Income | $90,271 | $75,023 | $63,629 |
| P C I | $41,459 | $29,196 | $24,529 |
| M D I | $56,367 | $48,105 | $41,133 |
| A T H E | $65,204 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 73.32% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 4/16/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.