Value-add industrial opportunity near downtown Watertown. Zoned I-1 Industrial and not located in a flood zone, this versatile commercial asset totals 6,268 sq ft, including basement and shop space. The 3,874 sq ft main level features refreshed office and flex space with new carpet and paint, offering immediate usability while leaving upside for reconfiguration or expansion.The 1,200 sq ft shop is uniquely designed with a split elevation?half ground level and half main-floor height?allowing it to function as a loading dock, a rare operational advantage for industrial and service users. The layout supports multiple use cases including owner-user operations, light industrial, contractor space, storage, or future tenant division.Strategically located near downtown with strong zoning, functional shop access, and cosmetic updates already completed, this property presents a compelling opportunity for investors seeking cash flow potential, repositioning upside, or long-term industrial hold.