51 Depot Street #106 Watertown, CT 06795

Building Details

Year Built

1985

Listing Agency West View Properties, LLC j***@westviewprop.com Show Phone

Listed by JUSTIN CABRAL · License #RES.0823512

Source Corcoran

Added: Apr 6 Checked: Jul 16 at 7:23 am

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Investment Insights

Based on property information with market context.

This 588 square foot commercial condominium is located in downtown Watertown within Depot Square Mall, a mixed-use center situated between Route 63 (Main Street) and Route 6. The location benefits from high traffic, with a combined 24,300 vehicles per day. The unit features a private in-unit bathroom, making it suitable for service or wellness-based businesses. Formerly a hair salon, the space is suited for various owner-occupant uses, including hair/nail salons, barbershops, massage or skincare studios, tattoo studios, chiropractic or counseling offices, photography studios, or professional service offices. The property's flexible commercial zoning supports office, retail, and business uses. Constructed in 1985, the building features frame and brick construction with a concrete foundation and flooring.

Key Highlights

• High investment potential: Projected 9.91% cap rate and 15.70% cash‑on‑cash return.
• Low carrying costs: Annual taxes of $1,504 and monthly condo fees of $179.10.
• Rare in‑unit private bathroom: A significant advantage.

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FAQs

What type of property is this?

Retail space - 588 SF commercial condo in a thriving mixed-use center.

Where is this retail space located?

The property is located at 51 Depot Street #106 Watertown, CT.

What is the asking price?

The asking price for this property is $69,900.

What are key features of this property?

This property features: High investment potential: Projected 9.91% cap rate and 15.70% cash‑on‑cash return.; Low carrying costs: Annual taxes of $1,504 and monthly condo fees of $179.10.; Rare in‑unit private bathroom: A significant advantage.