372 Main StWatertown, MA 02472

Property Details for 372 Main St

Year built

1950

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

9,185 SF

Zone code

LB

Property type

Office buildings

APN

WATE M:0215 B:0015 L:0000

APU

WATEM0215B0015L0000

Description

This exceptional office space, located at 372 Main Street in Watertown, Massachusetts, 02472, offers a versatile workspace ideal for a variety of businesses. The unit currently comprises approximately 850 square feet of well-maintained office space on the ground floor of a professional building. This space features tiled floors, updated electrical systems with recessed lighting, and a private bathroom. The convenient location on Main Street provides excellent visibility and accessibility. Ample street parking is readily available. A key advantage is the potential to expand the space. An adjacent unit can be combined to create a larger footprint of 2,100 square feet, providing significant flexibility to accommodate growing businesses or those requiring more extensive office accommodations. The unit currently features multiple internal offices, but the layout is adaptable to suit individual tenant needs. Direct access is available via a rear building entrance. Flexible lease terms are available to meet the specific requirements of prospective tenants. This property presents a fantastic opportunity for businesses seeking a well-located, adaptable, and conveniently sized office space in the thriving Watertown, MA market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,518,555

  6.5%

  $1,401,743

  7%

  $1,301,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,200,112

  Geo Method

  $1,200,112

• Alternative Use

  Use

  Valuation

  Residential

  $1,738,161

  Hospitality

  $1,592,146

  Educational

  $1,324,647

  Medical

  $1,370,204

  Retail

  $2,060,562

Location Insight

City

Watertown

County

Middlesex

State

Massachusetts

Latitude

42.3698

Longitude

-71.1928

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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