Property profile

462 Pleasant St Worcester, MA 01609

OFF-MARKET
Showrooms
Property ID
US38-0941345
6,607 SF 0.33 ac lot Built 1955
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 7,019-square-foot single-tenant warehouse at 462 Pleasant Street in Worcester, Massachusetts, presents a compelling opportunity for businesses seeking a versatile space. Built in 1955, the property boasts a convenient location near the intersection of Pleasant Street and Park Avenue, ensuring high traffic visibility and accessibility. The warehouse features a ceiling height of 9 feet 11 inches, providing ample vertical space for storage or operations. Two dock-high doors facilitate efficient loading and unloading of goods. Ample parking is available with 15 designated parking spots on-site. The property is classified as both retail and industrial, making it suitable for a variety of flex users. Its strategic location offers easy access to major transportation arteries, including proximity to I-290 (1.4 miles), Route 149 (1.9 miles), and the Route 20 & I-90 interchange (4.6 miles). The entire 7,019 square feet is currently vacant, providing immediate occupancy for a new tenant. Located in Worcester County, this warehouse offers a blend of functionality and accessibility, making it an attractive option for businesses seeking a well-situated space in a thriving area. The property's zoning allows for both retail and industrial uses, providing flexibility for a wide range of potential tenants. The address is 462 Pleasant Street, Worcester, MA 01609.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,607 SF
Lot 0.33 ac (14,372 SF)
Zoning code BG-3
APN WORC M:06 B:009 L:29+30
UPID US38-0941345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply

Location

462 Pleasant St Worcester, MA 01609-1823
Worcester metro Census 731500 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
1992
Price N/A

Zoning & alternative use

BG-3 · Worcester, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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