106 Main Street Spencer, MA 01562

Building Details

Year Built

1900

Listing agency NAI Glickman Kovago & Jacobs

Listed by James Glickman Show Phone

Source Hammondre

Added: Mar 23 Updated: Jul 21 at 12:11AM Checked: Jul 21 at 7:06AM

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Investment Insights

Based on property information with market context.

Presenting a 17-unit mixed-use property at 106 Main Street in downtown Spencer, Massachusetts, comprising 13 residential units and 4 commercial units. The property is currently generating rental income with 10 of 13 residential units and 3 of 4 commercial units tenant-occupied. All leases are structured on a month-to-month basis.

Located on Route 9 in Spencer, the property benefits from convenient access to the greater Worcester area.

The mix of residential and commercial space provides diversified income while the month-to-month lease structure can support changes to in-place operations without long-term lease constraints.

Key Highlights

• 17‑unit mixed‑use property on Route 9 in downtown Spencer, MA: 13 residential units and 4 commercial units
• Current occupancy: 10 of 13 residential units and 3 of 4 commercial units are tenant‑occupied
• Month‑to‑month leases for all tenants, allowing flexibility for lease restructuring and potential rent adjustments

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FAQs

What type of property is this?

Apartment building - 17-unit mixed-use building with 13 residential and 4 commercial units, with month-to-month leases.

Where is this apartment building located?

The property is located at 106 Main Street Spencer, MA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 17‑unit mixed‑use property on Route 9 in downtown Spencer, MA: 13 residential units and 4 commercial units; Current occupancy: 10 of 13 residential units and 3 of 4 commercial units are tenant‑occupied; Month‑to‑month leases for all tenants, allowing flexibility for lease restructuring and potential rent adjustments