INNOVATE Real Estate
Commercial Sale at 71-73 Elm St, Watertown MA 02472
Commercial Sale at 71-73 Elm St, Watertown MA 02472, photo 2 of 5
Commercial Sale at 71-73 Elm St, Watertown MA 02472, photo 3 of 5
Commercial Sale at 71-73 Elm St, Watertown MA 02472, photo 4 of 5
Commercial Sale at 71-73 Elm St, Watertown MA 02472, photo 5 of 5
5 photos

$649,000

71-73 Elm St, Watertown MA 02472
Watertown, MA 02472
Listed by Sean Rose
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1932

About this home

VACANT RESTAURANT FOR SALE - This free-standing former restaurant property is being sold as-is with all FF&E included. Includes a code-compliant full kitchen with venting, refrigerators, seating, and an additional basement dry storage area. The site directly abuts the Watertown Mall with close proximity to Arsenal Yards. This is your chance to start your own business and be a part of the red-hot Watertown submarket that is being redeveloped as the new life science destination and innovation corridor of greater Boston. Reach out to the listing broker via email or text/call to schedule your showing.

Property details

MLS
MLS Property Information Network
MLS #
73461357
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
319
On market date
December 10, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.07 acres

Location

Get directions →
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Hosmer
0.68 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
668
Student:teacher ratio
10.3:1
District
Watertown
Middle
Bigelow Middle
1.52 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
465
Student:teacher ratio
9.5:1
District
Newton
High
Lyon Upper 9-12
0.94 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
129
Student:teacher ratio
8.1:1
District
Boston

Walkability

Blended score for Watertown's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

90
Highly walkable
out of 100
EPA National Walkability Index
16.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores16
Parks20
Schools20
Transit stops20
Pharmacies9

Market position

How this listing compares to current activity in Watertown, from live MLS data.

On the market 319 days -- 233 more days than Watertown's current average of 86 days.
For reference, the median list price across 362 active listings in Watertown right now is $5,475.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$4,058/mo
$129,800 down
$519,200 loan
Principal & interest$3,368
Property tax (est.)$541
Home insurance (est.)$150

Similar homes you might like

4 - 6 Sutton Road, Millbury MA 01527
$750,000
4 - 6 Sutton Road, Millbury MA 01527
Millbury, 01527
2 days on market
Listed by Jodi Healy
1101 N Main St, Randolph MA 02368
$699,900
1101 N Main St, Randolph MA 02368
Randolph, 02368
4 days on market
Listed by Todd Sandler
197 W. Center St., West Bridgewater MA 02379
$599,000
197 W. Center St., West Bridgewater MA 02379
West Bridgewater, 02379
4 days on market
Listed by Doug Crane
883 N Main St, Fall River MA 02720
$579,000
883 N Main St, Fall River MA 02720
Fall River, 02720
2,478 sqft
4 days on market
Listed by Noble Vincent
9 Bonazzoli Ave, Hudson MA 01749
$562,500
9 Bonazzoli Ave, Hudson MA 01749
Hudson, 01749
2,500 sqft
5 days on market
Listed by Bret O'Brien
60-64 Main St, Ware MA 01082
$535,000
60-64 Main St, Ware MA 01082
Ware, 01082
5,545 sqft
6 days on market
Listed by Jan McCoy
700 Washington St, Quincy MA 02169
$725,000
700 Washington St, Quincy MA 02169
Quincy, 02169
748 sqft
7 days on market
Listed by Stanley Blackmur
25 Leonard Ave, Westfield MA 01085
$625,000
25 Leonard Ave, Westfield MA 01085
Westfield, 01085
9 days on market
Listed by Stephanie Salerno

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated March 29, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.