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$ 4,950,000
Est. payment | /mo
16,669 SqFt
$ 4,950,000
Est. payment | /mo
16,669 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,669 sqft
Price per Sqft $296
MLS Listing ID 73376320
HOA Y/N false
Year Built 1920
Annual Tax Amount $55,022
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Property Description
Don't miss this opportunity to acquire a truly generational asset in the heart of Watertown Square! Comprised of multiple buildings (6-14 Mount Auburn Street and 5-15 Spring Street) on a .29 acre mixed-use commercial parcel, this offering represents a stable investment with in-place income and significant future upside through potential redevelopment or rent optimization. Own a landmark property with unparalleled visibility in a high-traffic, walkable locale near major transport routes. An adjacent municipal parking lot with over 225 spaces provides ample parking for patrons of thriving local businesses. Included with the building is a massive solar array on the roof consisting of 110 panels. The true prize is the WSQ3 zoning, providing an incredible opportunity for future development of up to five residential stories over one commercial level. Secure robust current income with exceptional value-add potential in a thriving urban hub. A rare opportunity for the savvy investor!
Location
State MA
County Middlesex
Zoning WSQ3
Direction GPS (Watertown Square)
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, See Remarks
Roof Type Rubber
Total Parking Spaces 3
Others
Senior Community false
Listed by EDGE Realty Advisors
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