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Retail Space with Off-Street Parking
New
For Lease
$20 SF/Yr

65 Water St, Worcester, MA 01604

The premises have previously accommodated restaurant use and include off-street parking.

Space Size3,785 SF
Days on Market2

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

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: Elliman
Added: Oct 11 Last Checked: Oct 11 at 2:34PM

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

Investment Insights

Based on property information with market context.

Located at 65 Water Street in Worcester’s Canal District, this retail space contains approximately 3,785 square feet. The property was built in 1900 and has a history of restaurant occupancy, alongside its potential for retail use. Off-street parking is available for customers and staff.

The site is near downtown Worcester, with access to surrounding neighborhoods and major routes. Walk Score is 77, Bike Score is 43, and Transit Score is 44.

Key Highlights

  • Approximately 3,785 square feet of commercial space
  • Off‑street parking on site
  • Built in 1900

Property Analytics

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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
$3.00 /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
View Realmo Analytics

Market

Lease Benchmarks for Worcester, MA

$21.7 /SF/Yr
Avg Asking Price
$7.53–$37.5 /SF/Yr
Price Range
3,996 SF
Avg Space Size

This space is priced 8% below the average of $21.7 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Retail space - The premises have previously accommodated restaurant use and include off-street parking.
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 $20 SF/Yr.
What are key features of this property?
This property features: Approximately 3,785 square feet of commercial space; Off‑street parking on site; Built in 1900
More about this property
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