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$2,350,000
Est. payment /mo
22,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,400 sqft
Price per Sqft $104
MLS Listing ID 73508001
HOA Y/N false
Year Built 1900
Annual Tax Amount $29,606
Tax Year 2026
Lot Size 0.330 Acres
Acres 0.33
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.
Location
State MA
County Worcester
Zoning BG-3
Direction 122A to Water St
Others
Senior Community false
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Listed by BA Property & Lifestyle Advisors
Nearby School & Business
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