Turnkey Occupied Retail
For Sale
Contact for pricing
56 Water Street, Worcester, MA 01604
Fully occupied retail/commercial space currently built out for a vegan eatery.
Property Size21,295 SF
Days on Market62
Property Features for 56 Water Street
General Information
Standard status
Active
Size
21,295 SF
Property subtype
Mixed Use
Investment Type
Stabilized
Additional Details
Business Included
Yes
Multifamily Units
16
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
NorthEast Private Client Group Shelton
(203) 307-1574
Listed By:
Taylor Perun · License #MA134963
Source:
Crexi
Added: Jun 11
Changed: Aug 11
Last Checked: Aug 10 at 10:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthEast Private Client Group Shelton
Investment Insights
Based on property information with market context.
56 Water Street presents a fully occupied retail/commercial asset offering 2,075 SF of space. The property is described as newly occupied and built out by a vegan eatery, giving the unit a ready, operational retail presence at the time of sale.
The asset is located at 56 Water Street in Worcester, within the Canal District, an area referenced in the offering materials for ongoing growth. Buyers are being presented with an income-producing retail arrangement tied to the current in-place tenant.
For tenants, owner-occupants, and investors looking for retail space with immediate operating use, this configuration may be attractive because the space is already finished for a food-focused concept and is currently occupied. The listing also positions the purchase as a straightforward retail acquisition rather than a vacant redevelopment scenario, with occupancy in place at the time of sale. If you’d like to evaluate the unit for your specific retail concept or underwriting approach, contact the listing agent for details and to coordinate a private showing.
The asset is located at 56 Water Street in Worcester, within the Canal District, an area referenced in the offering materials for ongoing growth. Buyers are being presented with an income-producing retail arrangement tied to the current in-place tenant.
For tenants, owner-occupants, and investors looking for retail space with immediate operating use, this configuration may be attractive because the space is already finished for a food-focused concept and is currently occupied. The listing also positions the purchase as a straightforward retail acquisition rather than a vacant redevelopment scenario, with occupancy in place at the time of sale. If you’d like to evaluate the unit for your specific retail concept or underwriting approach, contact the listing agent for details and to coordinate a private showing.
Key Highlights
- 56 Water Street: 2,075 SF fully occupied retail/commercial asset built out for a vegan eatery
- 64 Water Street: fully renovated 19,220 SF mixed‑use asset in Worcester with (3) street‑level retail spaces
- 64 Water Street: includes (16) one‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied retail/commercial space currently built out for a vegan eatery.
Where is this mixed-use property located?
The property is located at 56 Water Street Worcester, MA.
What are key features of this property?
This property features: 56 Water Street: 2,075 SF fully occupied retail/commercial asset built out for a vegan eatery; 64 Water Street: fully renovated 19,220 SF mixed‑use asset in Worcester with (3) street‑level retail spaces; 64 Water Street: includes (16) one‑bedroom apartments
