109 Nichols Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
109 Nichols Ave
8,640 SF 100% Leased Retail Building Watertown, MA 02472 $2,375,000 ($275/SF) 5.36% Cap Rate
Investment Highlights
- Corner unit building, two residential unit has been updated and has 3 bed 2 Full bathroom, with a separate entrance.
- Great potential to increase the cap rate, all the rentals are below market value.
- So many upgrades, please call the agent for more information.
Executive Summary
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 3,500 square feet 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,640 SF
Building Class
C
Year Built
1900
Price
$2,375,000
Price Per SF
$275
Cap Rate
5.36%
NOI
$127,313
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.12 AC
Zoning
COMM - NB , Multi , Mix used , commercil
Parking
6 Spaces (0.69 Spaces per 1,000 SF Leased)
Frontage
111 FT on Dexter Avenue
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (85)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | WATE-001226-000017-000061A | Improvements Assessment | $815,200 |
| Land Assessment | $404,100 | Total Assessment | $1,219,300 |
PROPERTY TAXES
Parcel Number
WATE-001226-000017-000061A
Land Assessment
$404,100
Improvements Assessment
$815,200
Total Assessment
$1,219,300
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
109 Nichols Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.