Retail/Office Condo in Downtown
For Sale
$69,900
51 Depot Street #106, Watertown, CT 06795
588 SF commercial condo in a thriving mixed-use center.
Property Size588 SF
Price / SF$118.88
Days on Market142
Property Features for 51 Depot Street #106
General Information
Standard status
Active
Size
588 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,504
Amenities
Central air
Asphalt Shingle Roof
Central Air Cooling
Concrete Flooring
Hot Air Heating
Level Lot
Building Details
Year Built
1985
Listing Agency:
West View Properties, LLC
(860) 274-7838
Listed By:
JUSTIN CABRAL · License #RES.0823512
Source:
Corcoran
Added: Apr 6
Changed: Aug 24
Last Checked: Aug 24 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West View Properties, LLC
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 06795, CT
13,873
Population
5,751
Households
2.4
Avg Household Size
47
Median Age
40%
College-Educated
95%
High-School Grad
25.9 sq mi
ZIP Area
536
Density / Sq Mi
$102,800
Median Household Income
$59,443
Median Earnings
$1,301
Median Rent
$331,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
