Watertown Retail Space - For Rent & Sale

Typical Properties

With its relative urban density, this city’s typical properties tend to be freestanding complexes with ample onsite parking. Many of the buildings were constructed after 1970, although historic structures exist closer to downtown.

The property at 29-37 N Beacon Street was built in 1930, and has 19,000 total square feet of leasable space. Located off Route 20 near the Charles River, this two story complex features onsite parking and spacious interiors that join the two floors with an elaborate central staircase. A mirrored wall and checkerboard floor create a dynamic, playful atmosphere, while drop tile ceilings provide a quiet working environment. The upper story is open to the lower story, and has a rectangular viewing area from which patrons can gaze down into the bottom level of the store. The ground floor has an ample open plan that makes it perfect for any commercial configuration. Floor to ceiling display windows look out on the parking lot, while the exterior features a series of miniature red canopies.

Click Here to Search

Retail Space

The freestanding property at 390 Arsenal Street is located north of the Charles River off Route 20, and features 4,200 square feet of leasable area. Built in 1978, the concrete block exterior gives way to several loading bays and display fronts that have been used for automotive repair, but would also function for an innovative start-up or other creative commercial purpose. There are 32 parking spaces onsite, and pylon signage.

The development at 122 Arsenal Street, which was completed in 2018, features 480,000 square feet of total space, much of it dedicated to residential units. The ground floor has been designed to host commercial suites ranging in size from 2,000 to 6,000 square feet. There is a total of 10,600 square feet dedicated to the commercial suites, and 57 parking spaces for this purpose. The structure features a concrete block exterior with elegant overhangs and floor to ceiling glass display windows.

The property at 550 Arsenal Street was built in 1975, and features 261,133 square feet of leasable area. This freestanding complex is located near the heart of the shopping district, and provides over 900 parking spaces on an 18 acre lot. Located 2.9 miles from the nearest MBTA Commuter Rail line station, the complex features a glass-enclosed atrium as part of its principal entryway, and arranges individual shops along this walkway, creating an indoor campus that is constantly illuminated by the sun. Suites ranging from 1,800 square feet to 5,400 square feet are available for lease.

For those who are looking for a more historical property, the structure at 15-26 Main Street was built in 1889, and retains its period vivid red brick exterior with elegant arched windows and ornamentation. With two seperate entrances, a series of canopies providing business signage, and three stories of commercial suites, the building is located on a corner lot and has a number of trees ringing its perimeter. With 26,400 square feet of leasable space, the building has suites of 1,500 and 1,775 square feet available for lease.

Average Renting and Buying Prices

Although rents can vary depending on the newness of the structure, the average rent for a commercial suite in this city is $1.83 per square foot per month. The average purchase price is $150 a square foot.

The property at 29-37 North Beacon Street is located in the center of town, just off Route 20. This freestanding structure has three stories, and was built in 1930. With 14 foot ceilings and vibrant red canopies overhanging most of the windows, including the bank of display panes on the ground level, this building also has a sign that is illuminated and clearly visible from the street. With a total of 19,000 square feet of leasable area, including a basement level that has been built out for either storage or display purposes, the structure is amenable to almost any commercial configuration. The purchase price for this property is $2,600,000, or $136.84 per square foot.

Built in 1950, the property at 430 Main Street is located in the center of downtown, and has been well maintained. A small onsite parking lot leads to the main road, which is separated from the building by islands of immaculately landscaped grass and foliage. The interior features drop tile ceilings with recessed fluorescent lights, as well as a built-in reception area that leads to numerous private suites. The tile floor leads to a large open space that has been used as an old-fashioned banking center, but could easily be configured for a different purpose. The total leasable area in this complex is 4,351 square feet. The rent for this space is $2.91 per square foot per month.

The property at 600 Pleasant Street is located near the Charles River, and features 12,000 square feet of total leasable area. Built in 1966, the two story property has been well maintained, and has hardwood flooring in the interiors, along with big windows that provide ample amounts of natural light. The drop tile ceilings provide a quiet acoustic environment, while a dedicated reception space can be used as a foyer or other central gathering place. A kitchenette is on the premises, and the building is located next to numerous housing developments. Suites of 2,000 square feet are available for lease. The rent for this property is $1.66 per square foot per month.

The property at 124 Watertown Street is located south of the Charles River near the center of downtown, and has a total leasable area of 38,200 square feet. Built in 1984, the complex features elegant suites on the ground floor suitable for commercial use. The brick exterior is sited on an elegant lush lawn, which extends to the street and sidewalk. The interiors offer configurable floor plans as well as numerous windows that create an airy, well-lit interior, perfect for display. The rent for this structure is $1.66 per square foot per month.

The property at 588 Mount Auburn Street was originally constructed in 1950, and has a total leasable area of 5,832 square feet. Featuring brick on a steel frame, the single story structure is sited on a busy sidewalk, and features display windows that look out into the street. The interiors have polished hardwood floors with an open floor plan, making it easy for tenants to customize the space to their liking. With a drop tile ceiling and built in storage racks, the property is move-in ready. The rent for this space is $2.75 a square foot per month.

Real Estate News

This area is home to the Arsenal Yards project, which is slated to add one million square feet of new commercial and residence space to the area. The project is sited on the Arsenal Mall site, and is therefore both a redevelopment project as well as an expansion to the overall market. When complete, the project will contain 350,000 square feet of entertainment and commercial suites, featuring a 30,000 square foot grocery store that specializes in certain foods and hard-to-procure goods. The project will also add over 500 apartments to the region, with 75 of those deemed to be affordable.

The commercial suites are broken down into several different buildings across the property. One of the major tenants of the new project is a hotel, which will include a grand ground floor space for business purposes. This space will be located on a corner lot that is visible and accessible from adjoining sidewalks and streets. A bank of display windows will wrap around either side of the entryway, which is positioned directly on the corner to welcome the most amount of foot traffic possible.

The project is notable because it located near 1.1 million residents who live within a ten minute drive. It is also near numerous daytime employment centers, making it an ideal destination for work lunches and breaks. The development is well-timed to coincide with a region-wide push for more housing and denser developments in general. This particular assortment of commercial suites will attract a number of different businesses that are poised to create a dynamic and sustainable hub, which will correspondingly increase the values of adjacent properties.

This has already been happening in terms of private home values, which have increased 13 percent over a one-year period. This has extended to the average rent and purchase price per square foot of commercial property as well, which has jumped about 6.4 percent in one year. The area has consequently become a highly sought out place for those who wish to buy properties and make a substantial profit from selling them again in the near future.

Watertown’s proximity to Boston means that its value as a de facto suburb or extension of the metropolis will only continue to rise as more people both visit and move to the area. The availability of public transit, combined with the relatively flexible development schemes currently in place, makes this neighborhood ideal for savvy investors.

Local businesses will likely receive a push from the Arsenal Yards project once it is complete. This is partly because the project will bring so many new visitors to the area that a natural overflow effect will take place. Many of the existing business spaces in the town are primed to become even more valuable as shoppers begin to flock to the area en masse. This has made many commercial suites incredibly valuable, especially those that offer special amenities, such as views of the city or other special perks. The Arsenal Yards project currently offers unparalleled access to the 12 acre Arsenal Park, which is expected to become a busy place for street vendors and other mobile businesses.

Sign Up Benefits

What’s the best way to navigate the property offerings in this city? Instead of spending hours online clicking through public listings, why not simply start viewing the properties that match your hand-selected criteria? By signing up for our viewing service, you can begin to create a tailored tour of the city’s hottest suites.

This area is poised to become an incredible center of commerce and innovation, thanks in part to the development at Arsenal Yards. However, that’s not the only story, or indeed only property, in this city. From existing complexes near the Interstate to boutique suites in charming buildings downtown, this city has a slew of properties that offer a variety of features and special amenities that may be ideally suited to your needs.

Our viewing service enables you to browse the freshest listings and get immediate appointments. We have built our business by fostering relationships with local brokers, property owners, and other industry associates to create a viewing service that is ready to go when you are. No matter when you’re ready to view a property, we can likely arrange an appointment.

We try to match our clients not only with their ideal budget, but with a property that has the kind of lease or purchase terms that make the most sense for that business. Whether someone is looking for a triple net lease or an occupancy that doesn’t begin for several months to a year, we can find a property that fits that criteria and help you get the best deal. We know that finding a ground floor suite in a dense section of the city is great, but finding one with build-to-suit capabilities can be even better.

Many of our clients find that the speed and accuracy of our service saves them invaluable time. They can focus on launching their company or franchise or business, not on negotiating the p’s and q’s of property viewing appointments. By understanding the market, we make it easy for our clients to find the perfect spaces.

We also understand that some of our clients are seeking a specific type of structure. From historic refurbished buildings to brand new developments, we can help you find exactly what you are seeking. We also can help you find unusual opportunities. In some cases, a property may be undergoing a rezoning or may be upgrading its facilities to meet a new criteria. Many industrial spaces, for example, have been redesigned to cater to commercial uses. In some instances, office parks may be renovated into innovative commercial opportunities. We can help you find these unusual opportunities before anyone else does.

By signing up for our service, you will have some of the city’s finest agents working with you to help you land that exquisite property. No matter what type of property you may be interested in, we can help you view it in person.

Click Here to Search

Retail Space