22,400 sqft

$2,350,000

65 Water St, Worcester MA, 01604

Price per sqft$104.91

Built in1900

Property size22,400 sqft

Property typeCommercial

Overview

Active

Listed Apr 27, 2026

Updated 13 days ago

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.

Additional information

MLS^® ID: 73508001

Interior Features

Basement: No

Exterior Features

Lot Size: 0.33 Acres

Other Property Details

Taxes: $29,606
Tax Frequency: Annually
55+/Senior Community: No

This listing is provided by Michael Barbera with BA Property & Lifestyle Advisors

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Data last updated 4:44 AM UTC, 9/4/2026