Presenting a 17-unit mixed-use property located on Route 9 in downtown Spencer, Massachusetts, comprising 13 residential units and 4 commercial units. The property currently operates with strong occupancy — 10 of 13 residential units and 3 of 4 commercial units are tenant-occupied, generating rental income that supports the asking price at current rates. All leases are structured on a month-to-month basis, offering a prospective investor maximum flexibility to implement a value-add strategy through unit improvements, rent adjustments, and lease restructuring without the constraints of long-term tenant agreements. Situated along Spencer’s primary commercial corridor with steady local foot traffic and convenient access to the greater Worcester area, this property presents a compelling opportunity for an investor seeking immediate cash flow with significant upside potential. Do not contact the residences or the business on property.
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 4
- Parking Spaces:
- 14
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $63
- Zoning:
- C
- No Units:
- 17
- Orig Price:
- $1,100,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Spencer
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01562
- Longitude:
- W72° 0' 14.5''
- Latitude:
- N42° 14' 36.5''
Residential Income
106 Main St, Spencer, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,100,000
- Bedrooms :
- 14
- Rooms :
- 14
- Total Bathrooms :
- 13
- Full Bathrooms :
- 13
- Square Footage :
- 17,554 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.38 Acre
- Listing ID :
- 73492808
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com