USACTWatertownN/aSte-106-51 Depot St
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STE-106-51 Depot St, Watertown, CT

Real Estate

For Rent

Listed price in listed location currency (USD).
$69,900

010

MLS® 24164559

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Lease
Size -
Garage No
Date Available 
Days Active 32
Approx. Age 1985
MLS® Number 24164559

Property Address: ste-106-51 Depot St, Watertown, CT, 06795-2629

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to own a retail/office condominium in the heart of downtown Watertown! Unit #106 at 51 Depot Street is a 588 SF commercial condo located within Depot Square Mall - a thriving mixed-use center situated between Route 63 (Main Street) and Route 6, carrying a combined 24, 300 vehicles per day. Offered at $69, 900, carrying costs are exceptionally low with annual taxes of just $1, 504 and condo fees of $179.10/month. Investment Highlights: At $20/SF market rent, this unit projects a 9.91% cap rate and a 15.70% cash-on-cash return at 25% down (7.0%, 30-year financing) - an exceptional return profile at this price point. One of the only units in Depot Square Mall with a private in-unit bathroom - a significant advantage for any service or wellness-based business. Formerly operated as a hair salon, the space is ideally suited for a variety of owner-occupant uses including hair/nail salon, barbershop, massage or skincare studio, tattoo studio, chiropractic or counseling office, photography studio, or any professional service office use. Flexible commercial zoning supports office, retail, and business uses. Frame and brick construction (1985), concrete foundation and flooring. Business not included. For full financial analysis, demographics, traffic counts, and market data, see the attached Offering Memorandum. Buyer to verify all information and conduct independent due diligence including review of condo association documents.
MLS® Number24164559
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1985
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Leased YetSold Price

For Rent

Apr 6, 2026List Date
$69,900List Price
  • Commute

Commute

Starting Address
Destination Address
51 Depot St, Watertown, CT

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