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    97 Water St, Unit 1 & 2 Worcester, MA 01604

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    For Lease
    $7,850 /Mo

    Former bar/restaurant space in Worcester's Canal District near Polar Park.

    Lot size:
    0.11 Acres

    Property Features for 97 Water St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1915

    Source: RE/MAX Partners Agent James Kalogeropoulos

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

    Overview

    Restaurant/Bar Space near Polar Park

    The property, formerly Whiskey on Water, presents an opportunity for a new establishment in Worcester's Canal District near Polar Park. Previously a bar and restaurant, the space includes existing improvements, a commercial hood system, and a build-out. The basement, included with the property, features a walk-in cooler, office, liquor room, and storage space. These existing features may suit various food, beverage, or entertainment concepts. The location benefits from visibility, pedestrian traffic, a municipal parking lot, and proximity to other venues in the city's nightlife and dining scene. This unit is suitable for a new concept and owner-operator. The space offers the infrastructure to launch a new business.
    Insight Report Location Intelligence

    Current Use by Public Records

    Goldberg Building Historical Place JordanrofficialServices Musician Whiskey On Water Bar Groeneveld LLC Used Clothing Store

    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

    Cafe Neo, El Rincon, Three G's Sports Bar, The 9ines Neighborhood Bar & Grille, Steel & Wire

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7959498
    Latitude
    42.2561295

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    FAQs

    What type of property is this?
    Bar - Former bar/restaurant space in Worcester's Canal District near Polar Park.
    Where is this bar located?
    The property is located at 97 Water St, Unit 1 & 2 Worcester, MA.
    What are key features of this property?
    This property features: - Prime location in the Canal District near Polar Park, benefiting from high visibility and pedestrian traffic.; - Existing commercial hood system and thoughtfully designed build-out, saving time and investment.; - Includes a basement with walk-in cooler, office, liquor room, and storage.
    (508) 635-8259
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    97 Water St, Unit 1 & 2 Worcester, MA 01604
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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
    97 Water St, Unit 1 & 2 Worcester, MA 01604
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