Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Showrooms

    395 Water St, Fitchburg, MA 01420-7316

    3,296 SF 0.08 ac lot Built 1900
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US38-0458891
    Property summary
    AI-generated overview

    This unique 0.08-acre property at 395 Water St, Fitchburg, MA, presents a remarkable redevelopment opportunity. The former fire station, currently out of service, is primed for a new owner to complete its transformation. Extensive restoration work has already been undertaken, including a brand new rubber roof (2020), repointing of the entire structure, and the complete re-framing and roofing of the hose tower with synthetic slate (2020). All windows have been replaced with new vinyl units (approximately 2020). A new gas heating system is in place, and a new AC unit is on-site, ready for installation. Engineering plans, expired building permits, and an expired special permit for mixed-use development are available. The original plan envisioned a first-floor contractor's office/storage facility and a modern two-bedroom, one-bathroom apartment on the second floor, complete with a laundry room. This exceptional offering also includes the adjacent vacant lot at 412 Water St., adding significant value and potential. The property is priced at $250,000 and offers a rare chance to acquire a substantial building with significant pre-existing renovations, ready for completion or a fresh vision. This is an ideal investment for contractors, developers, or investors seeking a unique and high-potential project in a desirable location.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1900
    Total area 3,296 SF
    Lot 0.08 ac (3,485 SF)
    Zoning code NB
    APN FITC M:0095 B:0044 L:0
    UPID US38-0458891
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Hines Inv Group LLC
    Hines Inv Group LLC
    since 2025
    Last sale
    $220,000
    6 recorded transactions
    2025
    2025
    $220,000
    2021
    2019
    2017
    $20,000
    2011
    $1
    Zoning & alternative use
    NB · Fitchburg, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 395 Water St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message