62 Wall St, Spencer, MA 01562-2188

This unique 1879 building, formerly Spencer's Railroad Depot, presents a compelling investment opportunity in Spencer's thriving downtown. Situated on a 0.22-acre lot on one of the fastest-growing streets, this property benefits from the recent influx of new businesses including a barber shop, spa, framing shop, print shop, and restaurant, complementing existing anchors like a pizza shop and flower shop. The building boasts significant character and versatile space, ideal for a variety of uses. The first floor, completely renovated and handicap accessible, features a large 882 sq ft dance studio with sprung floor, a smaller 276 sq ft dance studio, and an office, along with two large half-bathrooms. Upgrades include updated heating and AC, electrical systems, and a new roof on the two-story section, plus some new windows. A 1969 addition provides two extra floors of space. Currently, the property includes two long-term tenants, offering immediate income generation. The potential exists to add another rental unit, further increasing profitability. Off-street parking is available on both sides of the building. This property is priced at $329,900 and offers a rare chance to own a piece of Spencer's history while capitalizing on its vibrant commercial growth.