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Updated Mixed-Use Office Building
For Sale
$1,050,000

57-57 Water St, Hingham, MA 02043

Renovated office building currently operating as a fitness studio with new flooring and all-new mechanical systems.

Property SizeContact for details
Days on Market258

Property Features for 57-57 Water St

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $8,593
Listing Agency: William Raveis R.E. & Home Services
Listed By: Darleen Lannon · License #570024011
Source: Exprealty
Added: Dec 23, 2025 Changed: Sep 4 Last Checked: Sep 7 at 1:31PM

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 William Raveis R.E. & Home Services

Investment Insights

Based on property information with market context.

This updated, turn-key commercial building is currently used as a fitness studio and office space. The first floor and most of the second floor have been renovated with new flooring and all-new mechanical systems, and the interior is described as light and bright throughout.

The property is located in downtown Hingham, just one block from Hingham Harbor, with convenient access to nearby parking and downtown amenities.

With both fitness studio and office space in place, the building offers a flexible option for a range of business uses for an owner-user or investor.

Key Highlights

  • Updated commercial building in downtown Hingham, one block from Hingham Harbor
  • Currently operating as a fitness studio and office space with flexible options for other business uses
  • First floor and most of the second floor renovated with new flooring

Property Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Dental Office Daycare Center Big Box & Wholesale Store Storage Facility Locksmith Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby
Well-served
Demand for This Use

Demographics for 02043, MA

24,272
Population
10,059
Households
2.4
Avg Household Size
45
Median Age
75%
College-Educated
98%
High-School Grad
22.2 sq mi
ZIP Area
1,093
Density / Sq Mi
$181,017
Median Household Income
$103,897
Median Earnings
$2,452
Median Rent
$1,075,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Similar Off Market Nearby

  • KRIGSMAN - HINGHAM 25 Central St, Hingham, MA 02043
  • Yoga Lab 222 North St 2nd Floor, Hingham, MA 02043
  • Dancing Crow/ Fay Sutherland Yoga and Movement 1 lincoln st, hingham, ma 02043
  • The Bar Method Hingham 99 South St, Hingham, MA 02043
  • Jenn Weldon Pilates & Fitness 28 South St B, Hingham, MA 02043

Frequently Asked Questions

What type of property is this?
Fitness center & gym - Renovated office building currently operating as a fitness studio with new flooring and all-new mechanical systems.
Where is this fitness center & gym located?
The property is located at 57-57 Water St Hingham, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Updated commercial building in downtown Hingham, one block from Hingham Harbor; Currently operating as a fitness studio and office space with flexible options for other business uses; First floor and most of the second floor renovated with new flooring
More about this property
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