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Retail Space with Off-Street Parking

65 Water St, Worcester, MA 01604

For Lease
$18 SF/Yr

The premises have previously accommodated restaurant operations and include parking for customers and staff.

Space Size3,785 SF
Days on Market72

Property Features for 65 Water St

General Information

Standard status Active
Size 3,785 SF
Net Rentable 3,785 SF
Property subtype COMMERCIAL

Space & Availability

Available Space 3,785 SF
Contiguous Space 3,785 SF

Site & Location

Neighborhood Union Hill C.w.a.

Taxes and HOA fees

Annual Taxes $50,677

Amenities

off-street parking

Building Details

Building Size 3,785 SF
Year Built 1900
Listing Agency: BA Property & Lifestyle Advisors
Listed By: Michael Barbera
Source: Donnellyandco
Added: Aug 31 Changed: Nov 9 Last Checked: Nov 8 at 3:15PM

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 BA Property & Lifestyle Advisors

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Investment Insights

Based on property information with market context.

Located at 65 Water St in Worcester’s Canal District, this retail space contains approximately 3,785 square feet. The building dates to 1900, and the premises have a history of restaurant occupancy. The space is offered for lease and has off-street parking.

The property is near downtown Worcester, with access to surrounding neighborhoods and major routes. Retail and restaurant uses are identified for the space.

Key Highlights

  • Approximately 3,785 square feet of retail space
  • Off‑street parking available
  • The premises have a history of restaurant use

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Russo Italian Restaurant Restaurant Zenshinkan Aikido Dojo Training Center Zenshinkan Dojo - Worcester ... Sports School The Actors Loft Training Center Shea Management Marketing & Advertising

Suggested Use

Top Pick Veterinary Clinic Kitchen & Bath Showroom Pet Grooming Service Furniture & Home Goods Electrical Service Carpet & Flooring Store

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

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,027
Businesses Nearby
104k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 49% Dining 48% Hotels & Casinos 3% Home Improvements & Furnishings 1%
Cumberland Farms Shops & Services
25,785 visits/mo 0.3 miles
Burger King Dining
19,049 visits/mo 0.2 miles
Dunkin' Donuts Dining
13,113 visits/mo 0.2 miles
Dunkin' Donuts Dining
11,565 visits/mo 0.4 miles
Speedway Shops & Services
9,299 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Worcester, MA

$20.88 /SF/Yr
Avg Asking Price
$7.53–$37.5 /SF/Yr
Price Range
3,800 SF
Avg Space Size

This space is priced 14% below the average of $20.88 /SF/Yr.

Average Price Trend$/SF/Yr for Retail space in Worcester, MA

$21.13 Jul
$26.62 Aug
$20.63 Sep
$21.07 Oct

Properties on Market for Retail space in Worcester

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The premises have previously accommodated restaurant operations and include parking for customers and staff.
Where is this retail space located?
The property is located at 65 Water St Worcester, MA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Approximately 3,785 square feet of retail space; Off‑street parking available; The premises have a history of restaurant use
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