MA
Worcester
Worcester
01604
65 Water St
65 Water St, Worcester, MA 01604
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Listing Type
Commercial/Industrial
Listing Status
Active
42
$2,350,000

Home Details for 65 Water St

Price
$2,350,000
Type
Commercial Sale
Square feet
22400
Year built
1900
Lot size acres
0.33
County
Worcester
MLS Listing#
73508001
Property 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.

Property Features
    Listing Courtesy: BA Property & Lifestyle Advisors - 508-852-4227
    Presented by: Michael Barbera
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    EXIT PREMIER REAL ESTATE
    85 Wilmington Road, Burlington, MA 01803
    Brenda Cahoon
    License #: 9049354
    REALTOR®, MAR
    Office
    781 270 4770
    Agent
    781 910 5770
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