About 65 Water St
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.
Features of 65 Water St
| MLS® # | 73508001 |
|---|---|
| Price | $2,350,000 |
| Square Footage | 22,400 |
| Acres | 0.33 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 65 Water St |
|---|---|
| City | Worcester |
| County | Worcester |
| State | MA |
| Zip Code | 01604-5016 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Zoning | BG-3 |
|---|
Listing Details
| Agent | Michael Barbera |
|---|---|
| Office | BA Property & Lifestyle Advisors |