Commercial for Sale: 109 Nichols Ave, Watertown, MA 02472

$2,375,000
$2,375,000
109 Nichols Ave, Watertown, MA 02472
$2,375,000
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Price:
$2,375,000
$50,000 - 10/30/2024
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Lot Size 0.13 acres
Year Built 1921
City Watertown
County Middlesex
MLS 73278109
Status Active
DOM 99 days
Discover a prime investment opportunity With approximately 130k of NOI. This fully-rented, 6-unit mixed-use property is situated in a highly desirable location.2 expansive residential units and four profitable commercial spaces offer a diverse income stream. Over 2500 SQF residential units have a private entrance on the second floor. Include a spacious 3-BR, 2-BA home with an open floor plan. Modern kitchen with/ updated appliances and quality finishes throughout, in-unit laundry, central AC, and 6 parking enhance comfort and convenience. Over 3500 sqft of well-maintained commercial space on the ground floor is currently occupied by 4 thriving businesses, including a well-stocked grocery store and a popular restaurant. The grocery store serves exceptional food and is a staple in the community. The restaurant, known for its high traffic and delicious menu, attracts a steady stream of customers. Potential for increased income on all units. Perfect 1031 Exchange Investment

Lot & Building Features

Tax Year 2024
Taxes Paid $23
Roof Rubber

Price History of 109 Nichols Ave

Date Name Price Difference
10/30/2024 Price Adjustment $2,375,000 2.06%
08/15/2024 Listing Price $2,425,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Dina Melanson
Dina Melanson
Realtor
Direct: 802-839-8247
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate, Zahra Zoglauer
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109 Nichols Ave (MLS #73278109) is a commercial listing located in Watertown, MA. This commercial listing is on a lot of 5,445 sqft (or 0.13 acres) and is 103 years old. This property was listed on 08/15/2024 and has been priced for sale at $2,375,000.

Nearby zip codes are 02135, 02138, 02139, 02474 and 02478. This property neighbors other cities such as Belmont, Boston, Cambridge and Newton.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Berkshire Hathaway HomeServices Commonwealth Real Estate

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.