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108 Water St. 108 Water St 21,600 SF 50% Leased Office Building Watertown, MA 02472 For Sale
INVESTMENT HIGHLIGHTS
- Solid In-Place Income
- Shorter Term Tenancies provide Redevelopment or Re-Positioning Opportunities
- Diverse Tenant Mix
EXECUTIVE SUMMARY
108 WATER STREET, WATERTOWN, MA Don't miss out on this rare opportunity to invest in a value-add property located in one of Boston's hottest suburbs. With strong rental history and booming local economy, this boutique property offers incredible potential for investors and owner-users alike. Spanning approximately 21,600 square feet on 19,428 square foot of land, this property is zoned for office, lab, and other hi-tech uses. With low market rents, there is tremendous upside for rental income growth. On-site parking ensures convenience for tenants and visitors. Located adjacent to the Charles River walking and cycling paths, this property offers easy access to Boston, Cambridge, and the Mass Turnpike. The surrounding area boasts a vibrant and thriving community, making it an attractive destination for businesses and residents. Offered for the first time in a generation, this property presents an exceptional opportunity for investors and owner-users.
PROPERTY FACTS In Escrow
Sale Type
Investment or Owner User
Property Type
Building Size
21,600 SF
Building Class
C
Year Built
1965
Percent Leased
50%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
4,320 SF
Building FAR
1.10
Lot Size
0.45 AC
Zoning
I 2 - Allows wide variety of office, R&D, laboratory, and light industrial uses.
Parking
31 Spaces (1.44 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
2 Adjacent 2,200 sq.ft. office units on 2nd floor. May be leased individually or together. Mix of Open Space and Private offices.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 2N2S | 2,200-4,400 SF | Office | - | 60 Days |
2nd Fl-Ste 2N2S
| Size |
| 2,200-4,400 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 60 Days |
2nd Fl-Ste 2N2S
| Size | 2,200-4,400 SF |
| Space Use | Office |
| Condition | - |
| Available | 60 Days |
2 Adjacent 2,200 sq.ft. office units on 2nd floor. May be leased individually or together. Mix of Open Space and Private offices.
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | WATE-000104-000018 | Improvements Assessment | $734,500 |
| Land Assessment | $814,100 | Total Assessment | $1,548,600 |
PROPERTY TAXES
Parcel Number
WATE-000104-000018
Land Assessment
$814,100
Improvements Assessment
$734,500
Total Assessment
$1,548,600
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