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Property profile & analytics
OFF-MARKET
Commercial real estate

1015 Pleasant St Worcester, MA 01602

6,528 SF 0.83 ac lot Built 1980
Property ID
US38-0974966
Property summary
AI-generated overview

This exceptional 6,528 square foot mixed-use building, located at 1015 Pleasant Street in Worcester, Massachusetts, presents a unique investment opportunity. Built in 1980, this three-story Class B property sits on a 0.83-acre lot and offers 25 parking spaces, a significant advantage in a bustling urban area. Currently configured as a blend of executive office space and apartment units, the property is zoned RS-7, allowing for a diverse range of uses, including family day cares, group residences, religious and educational facilities, and other non-profit operations (special permits required for certain uses). The first floor is occupied by The Heartwell Institute, while the upper floors feature short-term rental units, providing existing income streams. The property benefits from a high-traffic location, exceeding 12,000 vehicles daily, ensuring excellent visibility and accessibility. The well-maintained exterior and landscaping enhance the curb appeal. Detailed financial statements are available upon request. This property offers significant potential for value-add improvements and flexible layout to accommodate various office needs, making it an attractive investment for owner-users seeking a versatile and strategically located asset in the thriving Worcester area. The asking price is $895,000.

Property profile
Verified
Property type Commercial real estate
Year built 1980
Total area 6,528 SF
Lot 0.83 ac (36,155 SF)
UPID US38-0974966
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
Current use
Occupant on record · Public records
  • The HeartWell Institute Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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