1015 Pleasant St Worcester, MA 01602
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.
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The HeartWell Institute Gym & Fitness Center Alternative Medicine Practice
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.