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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

Property

  • Acreage0.33

Property Information

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

Tax Information

  • Tax Year 2026
  • Taxes$29,606

Location

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

Other

  • Date Listed04/27/2026
  • Farm Land Area Units Square Feet
  • View Count6

Basic Information

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

Building

  • Building Area Units Square Feet
  • Year Built1900

Map Location

Listed by Michael Barbera of BA Property & Lifestyle Advisors

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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