Spencer, MA Commercial Real Estate for Sale

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Updated: Sep 22

Historic Mixed-Use Property

185 Main St, Spencer, MA 01562

$1,200,000

9,934 sqft

17 rental units: 7 residential apartments and 10 commercial office spaces
Approximately 9,934 square feet in a 3‑story mixed‑use building
Approximately 0.82 acres with 25+ off‑street parking spaces
Originally established circa 1890 with retained historic details
VR zoning with public water, sewer, natural gas, and paved parking

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Updated: Jul 29

Warehouse with Dock and Clear Span

30 Meadow Rd, Spencer, MA 01562

$1,150,000

4.58 AC lot

4.58+/- acres with a large cleared area for vehicles and/or equipment
Mix of 10' and 18' high clear span space
Zoned SR 5
Close access to Route 9
1 dock

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Mixed-Use Property with Drive-In Bays

8 Donnelly Road, Spencer, MA 01562

$985,000

1.30 AC lot

Versatile commercial layout with multiple occupied units, paved parking, and zoning listed as legal conforming.

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Greenhouse and Garden Center Property

48 North Spencer Rd, Spencer, MA 01562

$980,000

5.11 AC lot

Owner-operated greenhouse and garden center for sale with multiple greenhouse structures, paved parking, and included residence.

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New Construction Office Building with Drive-Through

3 Meadow Road, Spencer, MA 01562

Contact for pricing

11,700 sqft

New construction office space with drive-through features, ample parking, and easy access to major routes including Route 9.

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Downtown Office Building with Value-Add

170 Main St, Spencer, MA 01562

Contact for pricing

6,426 sqft

Commercial office building on Main Street with direct Route 9 access and current rental income.

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Office Building with Veterinary Hospital Lease

407 Main St, Spencer, MA 01562

Contact for pricing

12,520 sqft

Two-suite office building on Route 9 with a veterinary hospital lease extending through February 2, 2030.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 7 Active listings in Spencer, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Industrial Manufacturing & Warehouse

24 East Brookfield Rd, North Brookfield, MA 01535

$1,690,000

24,000 sqft

Versatile industrial facility with manufacturing and warehouse space, suited for production and operational storage.

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Warehouse with Overhead Doors

229 N Main St, North Brookfield, MA 01535

Contact for pricing

2,685 sqft

Open warehouse space with concrete floors, elevated ceilings, and vehicle access through multiple overhead doors.

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Development Land with Highway Frontage

1569 Main St, Leicester, MA 01524

$300,000

4.34 AC lot

4.34-acre highway business zoned site with approximately 244 feet of frontage and depth extending roughly 840 feet.

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Commercial Sale, Leicester, MA

1576 Main St, Leicester, MA 01524

$590,000

1,392 sqft 2.40 AC lot

Commercial land · 1,392 SF

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Off-Market Properties in Spencer, MA

Consider similar Off-Market properties in Spencer, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

PARKING LOT

2 Linden St, Spencer, MA 01562

Estimated value:

$50,000

1,224 sqft 0.24 AC lot

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CHARITABLE ORGANIZATION

69 Browning Pond Rd, Spencer, MA 01562-1104

Estimated value:

$250,000

9.99 AC lot

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CHARITABLE ORGANIZATION

81 Browning Pond Rd, Spencer, MA 01562-1104

Estimated value:

$45,000

792 sqft 0.73 AC lot

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CHARITABLE ORGANIZATION

73 Browning Pond Rd, Spencer, MA 01562-1104

Estimated value:

$80,000

684 sqft 32.99 AC lot

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CHARITABLE ORGANIZATION

63 Browning Pond Rd, Spencer, MA 01562-1104

Estimated value:

$245,000

1.00 AC lot

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DEPARTMENT STORE

158 Main St, Spencer, MA 01562-2260

Estimated value:

$1,065,000

6,200 sqft 0.45 AC lot

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OFFICE/RESIDENTIAL (MIXED USE)

152 Main St, Spencer, MA 01562-2162

Estimated value:

$660,000

10,577 sqft 0.41 AC lot

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OFFICE/RESIDENTIAL (MIXED USE)

19 Mechanic St, Spencer, MA 01562-2282

Estimated value:

$100,000

3,543 sqft 0.08 AC lot

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SHOW ROOM, WAREHOUSE

515-517 Main St, Spencer, MA 01562

Estimated value:

$255,000

3,377 sqft 0.41 AC lot

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SHOW ROOM, WAREHOUSE

22 Cherry St, Spencer, MA 01562

Estimated value:

$220,000

8,812 sqft 0.19 AC lot

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QUARRIES (SAND, GRAVEL, ROCK)

Lyford Rd, Spencer, MA 01562

Estimated value:

$250,000

21.00 AC lot

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SHOW ROOM, WAREHOUSE

401 Main St, Spencer, MA 01562-1909

Estimated value:

$375,000

2,272 sqft 2.00 AC lot

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SERVICE STATION (FULL SERVICE)

94 Main St, Spencer, MA 01562-2140

Estimated value:

$1,800,000

1,646 sqft 0.27 AC lot

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AUTO REPAIR, GARAGE

326 Main St, Spencer, MA 01562-1910

Estimated value:

$1,300,000

19,526 sqft 3.50 AC lot

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OFFICE BUILDING

505 Main St, Spencer, MA 01562-1905

Estimated value:

$170,000

3,753 sqft 1.00 AC lot

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OFFICE/RESIDENTIAL (MIXED USE)

232 Main St, Spencer, MA 01562-1724

Estimated value:

$110,000

2,082 sqft 0.63 AC lot

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VACANT COMMERCIAL LAND

14 Vly St, Spencer, MA 01562-2143

Estimated value: by Request

0.76 AC lot

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Spencer, MA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Spencer, MA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 40,580 square feet of properties for sale, with an estimated market value of $4,315,000.

Sale prices for business properties in Spencer, MA start at $980,000, averaging $1,078,750, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Spencer, MA CRE market trends — vacancy, lease rates and price per SF, updated monthly

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Demographics Overview

Population 12K

Population Growth (5Y) +0.4%

Median Household Income $79,086

College Educated 38.2%

High-Yield Neighborhoods for Investment

Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
01562	$863K

Taxes & Financing

Tax Rate (average for all types) 1.14%

Property Tax per SF $25.23 per SF

Tax Rate vs County Average 0.67 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Worcester County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale Residential Income pricing trends in Worcester County

Residential Income

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Spencer, MA Commercial Real Estate for Sale

185 Main St, Spencer, MA 01562

30 Meadow Rd, Spencer, MA 01562

8 Donnelly Road, Spencer, MA 01562

48 North Spencer Rd, Spencer, MA 01562

3 Meadow Road, Spencer, MA 01562

170 Main St, Spencer, MA 01562

407 Main St, Spencer, MA 01562

Opportunities in Nearby Cities

24 East Brookfield Rd, North Brookfield, MA 01535

229 N Main St, North Brookfield, MA 01535

1569 Main St, Leicester, MA 01524

1576 Main St, Leicester, MA 01524

Off-Market Properties in Spencer, MA

2 Linden St, Spencer, MA 01562

69 Browning Pond Rd, Spencer, MA 01562-1104

81 Browning Pond Rd, Spencer, MA 01562-1104

73 Browning Pond Rd, Spencer, MA 01562-1104

63 Browning Pond Rd, Spencer, MA 01562-1104

158 Main St, Spencer, MA 01562-2260

152 Main St, Spencer, MA 01562-2162

19 Mechanic St, Spencer, MA 01562-2282

515-517 Main St, Spencer, MA 01562

22 Cherry St, Spencer, MA 01562

Lyford Rd, Spencer, MA 01562

401 Main St, Spencer, MA 01562-1909

94 Main St, Spencer, MA 01562-2140

326 Main St, Spencer, MA 01562-1910

505 Main St, Spencer, MA 01562-1905

232 Main St, Spencer, MA 01562-1724

14 Vly St, Spencer, MA 01562-2143

Spencer, MA Commercial Real Estate Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Residential Income

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