106 Main St
spencer, MA 01562$1,100,000
- 14 BR13 BAapprox. 17,554 SF
- Contract signed
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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.
Details
17,554 Sq Ft
0.38 Private Acres Lot Size
investment
$536 Monthly Tax
Built in 1900
MLS/Listing ID 73492808
3 Stories
17 Units
Amenities & Features
Public Water
Public Sewer
Lot - Corner Lot
Concrete Perimeter
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