SQUARE FEET22,400
MLS#73508001
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
65 Water Street is a partially stabilized commercial asset in Worcesters Canal District, offering a blend of in-place income and value-add potential. The property generates approximately $55,500 annually from a dance studio tenancy and billboard revenue, with additional upside from a tenant-ready, ground-level space in the rear building. The rear building is intact and occupied, while the front building has been cleared to a clean shell following a prior isolated fire/water event, allowing efficient buildout without demolition. Ownership has completed key capital improvements, including a new roofing system and two new HVAC units. The site includes approximately 22 on-site surface parking spaces and benefits from nearby municipal parking, both of which are valuable amenities in this neighborhood.
Property Features
Property Type: Commercial - Business
Lot Size: 0.33 Acres
Taxes: $29,606
Year Built: 1900
Feature Descriptions
Building Area Total: 22400
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 86
Parcel Number: M:04 B:024 L:00012,1765060
Rental Term: Monthly
Listed By / Shown By
Listed By
Agency Name: BA Property & Lifestyle Advisors
Agent Name: Michael Barbera
Agency Phone: 508-852-4227
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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65 Water St | MLS# 73508001
This commercial property located at 65 Water St, Worcester, MA 01604 is currently listed for sale with an asking price of $2,350,000. Search Worcester real estate on www.masiellogrouprealestate.com today.