$2,350,000
65 Water St
Worcester, MA, 01604
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 Details
Price:
$2,350,000
MLS #:
73508001
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Apr 27, 2026
Finished Sq Ft:
22,400
Total Sq Ft:
22,400
Lot Size:
14,442 sqft / 0.33 acres (approx)
Year Built:
1900
Schools
Interior
Exterior
Financial
Tax Year
2026
Taxes
$29,606
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Commercial in Worcester as of May 04, 2026
45
Commercial Listed
229
Avg DOM
222
Avg $ / SqFt
$1,084,990
Avg List Price
Community
- Address65 Water St Worcester MA
- CityWorcester
- CountyWorcester
- Zip Code01604
Subdivisions in Worcester
- Burncoat
- Community features: Public Transportation, Shopping, Pool, Medical Facility, Highway Access, House o
- Grafton/Hamilton Street Lake Park
- Hamilton of Lake Ave.
- Hammond Heights
- Lake Park
- Malden Woods
- Prime West Side- Salisbury Street Area
- Quiet Cul-de-sac off Mill Street on top of the hill with spectacular views of the city horizon.
- Rice Square
- Salisbury Street
- Tatnuck
- West Side
- West Side/Tatnuck
Similar Listings Nearby
Property Summary
- 65 Water St Worcester MA is a Commercial for sale in Worcester, MA, 01604. It is listed for $2,350,000 To schedule a showing of MLS#73508001 at 65 Water St in Worcester, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of BA Property & Lifestyle Advisors. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
65 Water St
Worcester, MA