570 Pleasant St Worcester, MA 01602
This exceptional Worcester, MA property presents a unique investment opportunity encompassing a substantial 11,896 square foot mixed-use building situated on a 0.62-acre lot. Built in 1910, the building currently houses a thriving wellness spa, hair salon, and nail salon, along with three residential rental units. The property offers significant versatility, with two floors of retail space and the residential units providing a strong blend of commercial and residential income streams. The building benefits from ample parking, with 50 surface spaces available. The property is zoned RL-7 | RG-5 in Worcester County and is currently owner-occupied. The existing tenant, a well-established wellness spa, has cultivated a strong reputation for providing high-quality services in a meticulously maintained environment. This presents a compelling opportunity for an investor seeking a stable, income-generating property with potential for future growth and development. The entire 11,896 square feet is currently vacant, offering a blank canvas for a new owner to customize and lease to their desired tenants. The substantial lot size provides additional development potential, subject to local zoning regulations. This property offers a rare combination of established commercial space, residential income, and significant upside potential in a desirable Worcester location. The ample parking further enhances the property's appeal to both tenants and customers. This is an ideal opportunity for an investor seeking a strong return on investment in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 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.