65 Water St,Worcester, MA 01604
Worcester, MA 01604
Description
65 Water Street is a partially stabilized commercial asset in Worcester's 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.
Details
| MLS # | 73508001 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 196 |
| Listing Provided By | BA Property & Lifestyle Advisors | Michael Barbera |
Features
| SQ Feet | 22,400 |
|---|---|
| Zoning | BG-3 |
| Acreage | 0.33 |
Taxes
| Tax Annual Amount | 29606.3 |
|---|---|
| Tax Year | 2026 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Worcester |
| City | Worcester |
| Zip Code | 01604 |
| Area | Worcester |
| Listing VS Median (in 01604) | |
Price: $2,185,000 low | high Med: $373,700 sqft: 22,400 low | high Med: 1,572 $ / sqft: $98 low | high Med: $240 On site: 196 low | high Med: 40.5 | |
Market Activity 01604
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MA |
|---|---|
| County | Worcester |
| City | Worcester |
| Zip Code | 01604 |
| Area | Worcester |
| Listing VS Median (in 01604) | |
Price: $2,185,000 low | high Med: $373,700 sqft: 22,400 low | high Med: 1,572 $ / sqft: $98 low | high Med: $240 On site: 196 low | high Med: 40.5 | |