65 Water St
Worcester, MA 01604

$2,350,000

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Listing Details

$2,350,000
MLS# 73508001
Type Commercial - Business
Status Active

22,400
Square Feet
0.332 acres
Lot Size
1900
Year Built

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Listed By

Agency Name: BA Property & Lifestyle Advisors
Agency Phone: 508-852-4227
Agent Name: Michael Barbera

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

Description

65 Water Street is a partially stabilized commercial asset in Worcesters 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...read more

Features

$29,606 Taxes
Built in 1900

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