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Executive Summary

586 Pleasant St in Watertown, MA is a modern, two-story commercial condominium complex built in 2017, comprising eight flexible units across a 0.88-acre site.

2 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1
  • 3,529 SF
  • Flex
  • $2,134,739 CAD ($604.91 CAD/SF)
  • $149,431.72 CAD
Sale Type Investment or Owner User
Cap Rate 7.00%
No. Parking Spaces 4
Description
Well-maintained 3,529 SF commercial condominium offering a flexible two-level layout in an ideal location. The first floor features a 1722 SF garage with 400-amp electrical service, ideal for a variety of commercial, trade, or light industrial uses. The second floor consists of an 1807 SF office space with two bathrooms, a kitchenette, and a shower. Unit includes four deeded parking spaces, with additional parking available for rent. Excellent opportunity for owner-users or investors seeking functionality, convenience, and strong utility.
  • Unit 8
  • 1,600 SF
  • Flex
  • $1,032,227 CAD ($645.14 CAD/SF)
  • -
Sale Type Investment or Owner User
No. Parking Spaces 2
Description
Well-maintained 1,600 SF commercial condominium offering a flexible two-level layout in an ideal location. The first floor features an 800 SF garage with 400-amp electrical service, ideal for a variety of commercial, trade, or light industrial uses. The second floor consists of an 800 SF office space with two bathrooms, a kitchenette, and a shower. Unit includes two deeded parking spaces, with additional parking available for rent. Excellent opportunity for owner-users or investors seeking functionality, convenience, and strong utility.
Unit Unit Size Condo Use Price NOI
Unit 1 3,529 SF Flex $2,134,739 CAD ($604.91 CAD/SF) $149,431.72 CAD
Unit 8 1,600 SF Flex $1,032,227 CAD ($645.14 CAD/SF) -

Unit 1

Unit Size
3,529 SF
Condo Use
Flex
Price
$2,134,739 CAD ($604.91 CAD/SF)
NOI
$149,431.72 CAD

Unit 8

Unit Size
1,600 SF
Condo Use
Flex
Price
$1,032,227 CAD ($645.14 CAD/SF)
NOI
-

Unit 1

Unit Size 3,529 SF
Condo Use Flex
Price $2,134,739 CAD ($604.91 CAD/SF)
NOI $149,431.72 CAD
Sale Type Investment or Owner User
Cap Rate 7.00%
No. Parking Spaces 4
Description
Well-maintained 3,529 SF commercial condominium offering a flexible two-level layout in an ideal location. The first floor features a 1722 SF garage with 400-amp electrical service, ideal for a variety of commercial, trade, or light industrial uses. The second floor consists of an 1807 SF office space with two bathrooms, a kitchenette, and a shower. Unit includes four deeded parking spaces, with additional parking available for rent. Excellent opportunity for owner-users or investors seeking functionality, convenience, and strong utility.</li></ul>

Unit 8

Unit Size 1,600 SF
Condo Use Flex
Price $1,032,227 CAD ($645.14 CAD/SF)
NOI -
Sale Type Investment or Owner User
No. Parking Spaces 2
Description
Well-maintained 1,600 SF commercial condominium offering a flexible two-level layout in an ideal location. The first floor features an 800 SF garage with 400-amp electrical service, ideal for a variety of commercial, trade, or light industrial uses. The second floor consists of an 800 SF office space with two bathrooms, a kitchenette, and a shower. Unit includes two deeded parking spaces, with additional parking available for rent. Excellent opportunity for owner-users or investors seeking functionality, convenience, and strong utility.</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 15,232 SF
Property Type Flex
Building Class B
Floors 2
Typical Floor Size 12,000 SF
Year Built 1965
Lot Size 0.88 AC
Parking Ratio 0.17/1,000 SF
Zoning PSCD - Pleasant Street Corridor
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
  • Listing ID: 39050101

  • Date on Market: 2026-01-12

  • Last Updated:

  • Address: 586 Pleasant St, Watertown, MA 02472

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