For Sale · Commercial
65 Water St
Worcester, MA 01604
$2,350,000
$105 per sq ft
- 22,400
- sq ft
Est. payment: $14,500/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 14,442
- Year Built
- 1900
- Type
- Commercial
- Status
- For Sale
- Property taxes (2026)
- $29,606
- Days on Market
- 0
About this home
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.
Facts & features
Construction
- Year built
- 1900
Flood risk
Location
Courtesy of BA Property & Lifestyle Advisors
MLS #: 73508001 · Updated: May 1, 2026
Listing data is provided in part by MLS PIN and PrimeMLS/NEREN and is for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed.
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