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Property profile & analytics
OFF-MARKET Estimated value $550,000
Retail space

286 Pleasant St Worcester, MA 01609-2022

8,551 SF 0.36 ac lot Built 1955
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-2545400
Property summary
AI-generated overview

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 profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,551 SF
Lot 0.36 ac (15,863 SF)
Zoning code BG-3
APN WORC M:06 B:006 L:006+7
UPID US38-2545400
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
  • Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$639k
Blend (final) Blend
$550k
Owner & transaction history
86 Pleasant LLC · 1 yrs held
86 Pleasant LLC
since 2025
Last sale
$545,000
7 recorded transactions
2025
$1.6M
2021
Price N/A
2020
$1.1M
2007
Price N/A
2006
$545,000
2004
$675,000
2003
Price N/A
Zoning & alternative use
BG-3 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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