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    121 Water St Worcester, MA 01604

    For Lease
    $25 SF/Yr

    Fully built-out gym space in a fast-growing neighborhood.

    Lot size:
    0.33 Acres

    Property Features for 121 Water St

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1900

    Source: 7 Hills Real Estate Agent Edward Murphy

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

    Overview

    Turn-Key Gym Space Available

    This first-floor commercial space, currently occupied by a fitness tenant, will be available starting October 1st. The property is located within walking distance of Polar Park, surrounded by over 1,000 new residential units, with more planned. The space is ideal for personal training studios, boutique fitness, functional training, or other health and wellness concepts. The property features a turn-key gym layout, showers, and a locker area. It also includes a high 16-foot roll-up garage door suitable for ventilation, outdoor classes, or a dramatic entry. Central air conditioning is available throughout the space. Parking is also available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Team Link Muay ... Kickboxing School

    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

    Wellness Works, Worcester Red Sox Baseball Club, Carnation Acupuncture, Worcester Red Sox Baseball Club, Evolve Fitness and Training

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7961846
    Latitude
    42.2558558

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    FAQs

    What type of property is this?
    Fitness center & gym - Fully built-out gym space in a fast-growing neighborhood.
    Where is this fitness center & gym located?
    The property is located at 121 Water St Worcester, MA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Fully built-out, turn-key gym space ready for immediate occupancy October 1st.; - Located in a fast-growing neighborhood with over 1,000 new residential units, providing a built-in customer base.; - Gross Lease (20-30 SQFT) with No NNN fees.
    (508) 754-0077
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    121 Water St 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
    121 Water St Worcester, MA 01604
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