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Property profile & analytics
OFF-MARKET
Commercial real estate

570 Pleasant St Worcester, MA 01602

11,896 SF 0.62 ac lot Built 1910
Property ID
US38-0406252
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1910
Total area 11,896 SF
Lot 0.62 ac (27,007 SF)
UPID US38-0406252
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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