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    Spencer, MA Medical Office Space for Sale

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    East Brookfield, MA Leicester, MA North Brookfield, MA
    Medical Office Building For Sale
    $1,595,000
    12,520 SF
    Medical Office Building For Sale

    407 Main St, Spencer, MA 1562

    Medical office building with existing tenant and high visibility.
    • Existing tenant (Spencer Veterinary Hospital) provides stable income stream with lease in place through February 2, 2030.
    • Current Net Operating Income (NOI) is $136,325.
    • High visibility location on Route 9 with approximately 13,000 average daily traffic count (2024).
    • Suite B is move‑in ready for medical use with existing buildout.
    • Ample parking with a ratio of ±8.5 spaces per 1,000 rentable square feet.
    Updated: Jan 23
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Renovated Office Building For Sale
    $695,000
    3,577 SF
    Renovated Office Building For Sale

    3,577 SF renovated office building in Worcester, MA.

    105 Merrick Street, Worcester, MA 1609

    View details
    Fully Leased Auburn Center Property
    $1,200,000
    0.59 Acres
    Fully Leased Auburn Center Property

    Fully leased 6-unit commercial property in a high-visibility location.

    325 Southbridge St, Auburn, MA 1501

    View details
    Gold Star Blvd Retail Redevelopment
    Contact for pricing
    22,000 SF
    Gold Star Blvd Retail Redevelopment

    Redevelopment opportunity in sought-after commercial sector with high parking ratio.

    70 Gold Star Blvd, Worcester, MA 1606

    View details
    Prime Corner Lot Opportunity
    $3,000,000
    3.50 Acres
    Prime Corner Lot Opportunity

    3.5-acre corner lot with high traffic counts.

    879 Southbridge St, Auburn, MA 1501

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Approved Medical Office Land
    $850,000
    Approved Medical Office Land

    Land approved for a 10,000 sq ft medical office.

    28 Lumber St, Hopkinton, MA 1748

    View details
    6.79 Acres on Merrow Road
    $700,000
    996 SF
    6.79 Acres on Merrow Road

    Commercial land with ranch home in technology campus zone.

    248 Merrow Rd, Tolland, CT 6084

    View details
    Norwich Commercial Parcel For Sale
    $101,000
    Norwich Commercial Parcel For Sale

    Multi-use commercial land parcel in a convenient Norwich location.

    171 Otrobando Ave, Norwich, CT 6360

    View details
    Corner Commercial Land
    $199,000
    0.24 Acres
    Corner Commercial Land

    Corner lot zoned for a wide mix of retail and service uses, including medical and drive-through opportunities.

    3280 E Main Street, Waterbury, CT 06705

    View details

    Spencer, MA Medical Office Space Market Trends and Statistics

    Explore 1 medical office space for sale in Spencer, MA on our real estate platform. These investment opportunities span a total of 12,520 square feet of properties for sale, with an estimated market value of $1,595,000.

    Sale prices for medical spaces in Spencer, MA start at $1,595,000, averaging $1,595,000, and reaching up to $1,595,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 3
    Medical Office Space 2

    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 $1.6M

    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)

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