Address
50 Water Street, Worcester, MA
Price
$ 2,400,000
Property Attributes
  • MLS#73214605
  • TypeCommercial
  • CountyWORCESTER
  • CityWorcester
  • Zip01604
  • Style
  • Year Built1925
  • Taxes$ 20036
  • Price$ 2,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6370
  • Lot Size6,534 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description

Introducing 50 Water Street – a prime mixed-use property in Worcester's sought-after Canal District. This property features a bustling restaurant, fully equipped and ready for operation, with all furnishings included in the sale. The restaurant also features a large patio for an expansive outdoor dining experience. Above, three residential units offer comfortable living spaces, making it an ideal investment opportunity. Positioned in the heart of the Canal District, residents and patrons benefit from seamless access to dining, entertainment, and transportation amenities.

Price History
3/20/2024 Listed $2,400,000

General Features

Utilities Public Water,Public Sewer
Zoning BG-3
Year Built 1925
Tax Year 2024
Gross Income 150000
County Worcester
Net Operating Income 120149
Operating Expense 29851
Property Type Commercial Sale
HOA / Comm Assn No
Status Active
Directions Kelly Square to Water Street
City Worcester
Senior Community Y/N No
Zoning Description Legal Conforming
Lot Size Square Feet 6380
Waterfront Y/N No
Street Name Water Street
Tax Annual Amount 20036
Home Warranty Y/N No
Building Area Units Square Feet
Standard Status Active

Exterior Features

Lot Size Area 0.15
Building Area Total 6370
Lot Size Acres 0.15
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 01604

Price
AVG $430K
$2.4M
Taxes
AVG $12,257
$20,036
Visits
AVG 142
161
Data Provided by Inside Real Estate®
Year Built
AVG 1937
1925

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