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    74 Water St Worcester, MA 01604

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    For Sale
    $849,000

    Versatile warehouse near highways, hospitals, and residential areas.

    Lot size:
    0.16 Acres

    Property Features for 74 Water St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1900

    Source: RE/MAX Partners Agent James Kalogeropoulos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Worcester Warehouse with Development Potential

    This warehouse property in Worcester offers approximately 5,400 square feet of main-level space, complemented by an additional 3,850 square feet in the unfinished basement. The property is located near major highways, small businesses, hospitals, and dense residential neighborhoods. The building requires rehabilitation, making it suitable for investors or developers. The layout allows for possible subdivision, opening opportunities for repurposing. This property is positioned for a variety of commercial uses, including operating a warehouse or launching a manufacturing business. The property may also be redeveloped into multiple units. Demand is growing in Worcester for commercial and mixed-use spaces.
    Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Worcester Self Storage Box, Worcester Scanning, Self Storage, Storage Rentals of America, Bigil Storage Facility

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7959289
    Latitude
    42.2567765

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    FAQs

    What type of property is this?
    Warehouse - Versatile warehouse near highways, hospitals, and residential areas.
    Where is this warehouse located?
    The property is located at 74 Water St Worcester, MA.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - High-visibility location in Worcester near major highways, hospitals, and residential areas.; - Substantial square footage: approximately 5,400 sq ft main level plus 3,850 sq ft unfinished basement.; - Potential for subdivision and repurposing into multiple units.
    (508) 635-8259
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    Worcester, MA 01604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    74 Water St Worcester, MA 01604
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