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    40 Chestnut St Spencer, MA 01562

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    For Sale
    $795,000

    Well-established bar business with event room and commercial kitchen.

    Lot size:
    0.13 Acres

    Property Features for 40 Chestnut St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1890

    Source: Century 21 North East Agent Dorrinda O'Keefe Shea

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Pub with Event Room

    This well-known local establishment, Granville's Pub, is located in the heart of Spencer, MA. The bar business features original details such as tin ceilings, a Brunswick center bar, local sports team memorabilia, pool tables, and oak paneling. It is fully equipped with a commercial kitchen, liquor room, wine cellar, ATM, Keno, and a jukebox. The event room includes its own bar and band area. Off-street parking is available. The pub is currently open 7 days a week and has a loyal following. This turnkey operation presents an opportunity to acquire a local pub with character and charm.
    Insight Report Location Intelligence

    Current Use by Public Records

    Granville's Pub Pub

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9943283
    Latitude
    42.2415158

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    FAQs

    What type of property is this?
    Pub - Well-established bar business with event room and commercial kitchen.
    Where is this pub located?
    The property is located at 40 Chestnut St Spencer, MA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Spencer, MA.; - Well-established bar business with a loyal customer base and consistent year-round operation.; - Turnkey operation, ready for a new owner to take over immediately.
    (978) 434-1990
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    40 Chestnut St Spencer, MA 01562
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    Spencer, MA 01562
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Chestnut St Spencer, MA 01562
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