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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.

More Info

Basic Information

  • Gross Income $55,500
  • Mls StatusActive
  • Parcel Number M:04 B:024 L:00012,1765060

Tax Information

  • Tax Year 2026
  • Taxes$29,606

Basic Information

  • List Price$2,350,000
  • MLS Number73508001
  • Modification Date05/01/2026

Location

  • Address65 Water Street
  • Building Number65
  • CountyWorcester
  • StateMA
  • StreetWater Street
  • TownWorcester
  • Zip01604

Building

  • Building Area Units Square Feet
  • Year Built1900

Property

  • Acreage0.33

Property Information

  • Living Area 22,400
  • Lot Size Square Feet 14,442
  • Lot Size Units Acres
  • Square Feet22,400

Legal

  • ZoningBG-3
  • Zoning Description Legal Conforming

Other

  • Date Listed04/27/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

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Listed by Michael Barbera of BA Property & Lifestyle Advisors

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