1015 Pleasant St Worcester, MA 01602
- Commercial real estate
- 6,528 SF
- 0.83 lot acres
Current Use by Public Records
- The HeartWell Institute / Community Center / Community Health Centre
Property Details for 1015 Pleasant St
- Year built
- 1980
- Lot size
- 0.83 lot acres
- Property size
- 6,528 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8449213
- Latitude
- 42.279126
