$2,350,000
About this home
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
- MLS #
- 73508001
- Property type
- Commercial Sale
- Subdivision
- N/A
- Status
- Active
- Days on market
- 116
- On market date
- April 27, 2026
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 0.33 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 410
- Student:teacher ratio
- 15.8:1
- District
- Worcester
- Enrollment
- 781
- Student:teacher ratio
- 13.7:1
- District
- Worcester
- Enrollment
- 527
- Student:teacher ratio
- 13.5:1
- District
- Worcester
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 1, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.