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    286 Pleasant St Worcester, MA 01609

    For Sale
    $3,000,000

    High-yield Dollar Tree investment opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property at 286 Pleasant Street, Worcester, MA, presents a compelling investment opportunity. The 0.57-acre lot features a 13,000 square foot building currently leased to Dollar Tree until August 2025. The lease has no remaining options. The property's strategic location in the heart of Worcester offers significant advantages. It's within walking distance of Worcester Common and the DCU Center, providing excellent visibility and accessibility. The property boasts a total parcel size of 25,785 square feet. The flexible zoning (BG-3 and RG-5) allows for a diverse range of future uses, including residential development or a hotel, presenting significant potential for long-term value appreciation. This presents a rare chance to acquire a well-located, income-producing asset in a thriving urban market characterized by limited supply. The current tenant provides immediate cash flow, while the zoning flexibility opens doors to future development possibilities, making this an attractive investment for both short-term and long-term gains. The asking price for this prime Worcester property is $3,000,000. This is a unique opportunity to capitalize on the dynamic Worcester real estate market.

    Property Features for 286 Pleasant St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar Tree Dollar Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.81197
    Latitude
    42.26381

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield Dollar Tree investment opportunity.
    Where is this commercial real estate located?
    The property is located at 286 Pleasant St Worcester, MA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    (617) 375-7900
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    286 Pleasant St Worcester, MA 01609
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