65 Water St, Worcester, MA 01604
65 Water St, Worcester, MA 01604
65 Water St, Worcester, MA 01604
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$2,350,000
Est. payment /mo
22,400 SqFt
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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 SCHOOLS & PROPERTIES

BHRE Brad Hutchinson Real Estate

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts 02176, United States

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65 Water St