23 Elm Street Watertown for Sale

Price:
Please contact us  
 
Contract type:
For Sale
Type:
Hotel/Retail Land for Development
Location:
Watertown, MA 02472
Total square feet :
46838

Tom Godino - Broker

(617) 965-4200 x1

Description

Godino & Company is pleased to present an industrial site which has existing cash flow with redevelopment potential. With a special permit the site may be approved for a hotel or multi-family housing. It is located at 23 Elm Street in Watertown, Massachusetts near Arsenal Street.


Land area: 1.075 acres or 46,838 + sf

The property is situated near the center of all the exciting existing & proposed developments in Watertown along Arsenal Street' s retail corridor. 

- Adjacent to the newly constructed Residence Inn Marriott located at 570 Arsenal Street, which has 150 extended stay rooms on six floors.

- Across the street from Watertown Mall which is anchored by Target, Best Buy and Registry of Motor Vehicles.

- Within walking distance of Arsenal Mall which is to become the site of Arsenal on the Charles.

- The master plan for the Arsenal Mall has been approved for new developments of the Arsenal on the Charles, which includes 900 apartments, 200,000sf of office space and retail space, and 1,900 car parking.

- Borders Newton and Cambridge.

- Near site of proposed Arsenal on the Charles

- Near Harvard University' s Soldiers Field Rd/Western Avenue proposed campus

- Less than 2 miles to Mass Pike & Harvard Square