First time on the market! Rare opportunity to own a historic mixed-use property in a central Spencer location with 17 rental units and multiple income-producing uses. The property includes 7 residential 1- and 2-bedroom apartments and 10 commercial office spaces, offering a diverse tenant mix.Current gross annual income is $153,296 with reported annual expenses of $56,240. The 3-story building, originally established circa 1890, offers approximately 9,934 square feet of combined residential and office space and retains charming historic details throughout.The property sits on approximately 0.82 acres with 25+ off-street parking spaces and additional land that may offer potential for expanded parking and/or additional buildings, subject to town approvals. Public water and sewer, natural gas, paved parking, and legal-conforming mixed-use zoning add to the property's functionality.Located near downtown and adjacent to beautiful Isaac Prouty Veterans Park, with easy access to public transportation, shopping, restaurants, and other amenities. Conveniently situated less than 15 minutes from Worcester Regional Airport, the Mass Pike, and major routes.A unique opportunity to acquire a well-located mixed-use property with established rental income, a diversified unit mix, ample parking, and potential for future growth.
INVESTMENT OPPORTUNITY WITH INCOME IN PLACE! 8 Donnelly Road is a versatile mixed-use commercial property with over 8000 s.f.of interior space situated on approximately 1.3 acres in a convenient Spencer location with quick access to major routes.The buildings are currently fully rented with three tenants at will, offering an attractive mix of commercial uses including a daycare, warehouse/office space, and another established commercial business. Currently features approximately 3,744 SF of warehouse space, 1,870 SF of office space, and 2,400 SF designated as the daycare unit, along with four drive-in bays, five restrooms, approximately 21+ parking spaces, and a level paved site. Originally constructed in 1972 with additions made over the years, this property offers a flexible layout suitable for a variety of commercial uses and zoning is listed as legal conforming. This is a great location providing excellent highway access and is surrounded by a mix of commercial and residential properties. This property was previously home to a bakery/restaurant and engineering firm offering additional potential for an owner-user or investor seeking a versatile commercial location. Strong existing occupancy, multiple income-producing units, ample parking, drive-in access, and over an acre of land make this a unique commercial opportunity with lots of potential for growth. Showings are by appointment and require notice to the businesses.
Don't miss this opportunity! Owners are retiring and looking to hand their pride and joy to future buyers. Step back in time to this classic tavern with a spectacular center Brunswick Bar surrounded by rustic wood, tin ceilings, oak paneling, two pool tables, dart boards, wide screen projector, full kitchen with stainless hood, fryolators, Wine cellar. The second floor is perfectly set up for banquets, functions, and large gatherings up to 80 people, a second full bar, tv's, ice maker, too much to list. This is your opportunity to own a well established business with excellent cash flow!!
Great route 9 location for this property. Currently used as a shop/warehouse for local plumber. 2100 square feet. building has town water and sewer. One bath and office.2 floors.
Rare opportunity to acquire Spencer Greenery, an established owner-operated greenhouse and garden center offered together with its operating real estate on 5.11± acres. The offering includes three ANR-approved lots, a 2,132 SF residence, detached garage, accessory building, five operating greenhouse structures, paved parking, and additional greenhouse structures that may convey. Highly visible Route 31 location with established customer base and significant expansion potential. Vacant Lots 1 and 2 provide future development opportunities, subject to buyer due diligence regarding permitting and wetlands. Property is recognized by the Town as mixed residential/commercial and offers flexibility for owner-users, investors, agricultural operations, or redevelopment. Financial information available to qualified purchasers.
Spencer is located in Massachusetts. Spencer, Massachusetts has a population of 11,963. Spencer is less family-centric than the surrounding county with 25.3% of the households containing married families with children. The county average for households married with children is 31.47%.
The median household income in Spencer, Massachusetts is $68,559. The median household income for the surrounding county is $81,660 compared to the national median of $69,021. The median age of people living in Spencer is 47.9 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 48.1 inches per year, with 58.4 inches of snow per year.
