286 Pleasant St, Worcester, MA 01609-2022
- Retail space
- 8,551 SF
- 0.36 lot acres
Current Use by Public Records
- Dollar Tree / Discount Store
Property Details for 286 Pleasant St
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.36 lot acres
- Zone code
- BG-3
- Property type
- Retail space
- APN
- WORC M:06 B:006 L:006+7
- APU
- WORCM06B006L0067
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 23, 2025 | $1,600,000 | 86 Pleasant LLC | 286 Boston LLC | Deed | $820k · 286 Boston LLC |
| Jan 14, 2021 | — | 286 Boston LLC | — | Deed · related | $550k · Interaudi Bank |
| Oct 20, 2020 | $1,075,000 | 286 Boston LLC | Wrb 286 Pleasant St LLC | Quit Claim Deed | — |
| Mar 30, 2007 | — | 286-pleasant St LLC | — | Deed Of Trust · related | $500k · Northeast Community Bank |
| Oct 31, 2006 | $545,000 | Wrb 286 Pleasant St LLC | Gillis,john A | Grant Deed | — |
| Nov 17, 2004 | $675,000 | John Andrew Gillis | Vista Estates LLC | Grant Deed · related | $503k · Silver Hill Financial LLC |
| Nov 14, 2003 | — | Vista Ests LLC | — | Deed Of Trust · related | $97k · Bay State Savings Bank |
| Mar 27, 2003 | $512,500 | Vista Estates LLC | Kass RT | Grant Deed · related | $425k · Bay State Savings Bank |
| Sep 6, 2002 | $300,000 | Kass RT | Leroux,paul R | Grant Deed · related | — |
| Sep 6, 2002 | — | Kass RT | — | Deed Of Trust · related | $270k · Paul R Leroux |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $465,000
- ML approach
- $545,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $639,000
Market price range: $447k - $864k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8118
- Latitude
- 42.2637
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
