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121-129 Water St 3,000 SF of Retail Space Available in Worcester, MA 01604
HIGHLIGHTS
- Renovated in 2019 with modern finishes and mechanicals
- Surrounded by high-density residential development
- High foot traffic area near restaurants, retail, and Polar Park
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 3,000 SF | 11’ | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $83,755 CAD/YR $6,980 CAD/MO | Modified Gross |
1st Floor
Turn-Key Gym Space Available October 1st – Prime Location Near Polar Park Rare opportunity to lease a fully built-out gym space in one of the fastest-growing neighborhoods in the city. Currently occupied by a fitness tenant, this first-floor commercial space becomes available October 1st—just as the neighborhood will be left without a gym presence. Located within walking distance to Polar Park, this space is surrounded by over 1,000 new residential units brought online in recent years, with more in the pipeline—a perfect built-in customer base for a fitness business. Property Highlights: First-floor location with excellent visibility and access Fully turn-key gym layout: just bring your equipment and open Showers and locker area in place High 16-foot roll-up garage door—ideal for ventilation, outdoor classes, or dramatic entry Central air conditioning throughout Renovated in 2019 with modern finishes Parking available Ideal for personal training studios, boutique fitness, functional training, or other health and wellness concepts. Don't miss this plug-and-play opportunity in a booming residential and entertainment corridor.
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- Space is in Excellent Condition
- Finished Ceilings: 11’
- Renovated in 2019
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT 121-129 WATER ST, WORCESTER, MA 01604
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Unrivaled Training
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Unrivaled Training | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 3,000 SF | Gross Leasable Area | 19,056 SF |
| Property Type | Retail | Year Built/Renovated | 1900/2019 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.37/1,000 SF |
| Total Space Available | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 19,056 SF |
| Year Built/Renovated | 1900/2019 |
| Parking Ratio | 0.37/1,000 SF |
ABOUT THE PROPERTY
Turn-Key Gym Space Available October 1st – Prime Location Near Polar Park Rare opportunity to lease a fully built-out gym space in one of the fastest-growing neighborhoods in the city. Currently occupied by a fitness tenant, this first-floor commercial space becomes available October 1st—just as the neighborhood will be left without a gym presence. Located within walking distance to Polar Park, this space is surrounded by over 1,000 new residential units brought online in recent years, with more in the pipeline—a perfect built-in customer base for a fitness business. Property Highlights: First-floor location with excellent visibility and access Fully turn-key gym layout: just bring your equipment and open Showers and locker area in place High 16-foot roll-up garage door—ideal for ventilation, outdoor classes, or dramatic entry Central air conditioning throughout Renovated in 2019 with modern finishes Parking available Ideal for personal training studios, boutique fitness, functional training, or other health and wellness concepts. Don't miss this plug-and-play opportunity in a booming residential and entertainment corridor.
- Bus Line
- Commuter Rail
- Signage
NEARBY MAJOR RETAILERS
Presented by
7 Hills Property Management
121-129 Water St
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