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Bean Group
Offered at $1,600,000Active
beds
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baths
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sq ft
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Built
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369 East Main Street

Spencer, MA 01562

About this home

Main Street Self Storage is shovel ready and strategically located near the intersection of East Main Street (Route 9) and Donnelly Road in Spencer, MA, approximately 15 miles west of the city of Worcester, MA. The property benefits from strong visibility along a primary commercial corridor with over 13,588 vehicles per day (massDOT) and direct access to Worcester and the I-90/Mass Pike, making it highly accessible to the surrounding trade area. As a sub-burb to the city of Worcester, Spencer, Ma is ideally positioned for a best-in-class self-storage development. Worcester itself is home to major employers in healthcare, education, and manufacturing, including University of Massachusetts Medical School, Hanover Insurance, and Saint Vincent Hospital with employees who increasingly settle in Spencer and surrounding communities. The town’s own projected population growth all point to a durable and expanding demand base for self-storage. Signage is included as part of the municipal approvals.

Listing last checked: Listing updated:

Listed by Nathan L Beliveau- Robinson, Jessie W Gilton · NAI Norwood Group · MLS #5083438

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Details at a glance

Interior1 property facts
Basement
Not reported
Building1 property facts
Style
Other
Land & utilities4 property facts
Lot size
16.47 acres
Water
Other
Pool
Not reported
Zoning
C

Location

Estimated monthly cost

Explore costs at the $1,600,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$8,090 / monthAdjust
Principal & interest
$8,090
Property tax
Not entered
Insurance
Not entered
HOA
Not entered

Annual property taxes were not supplied. HOA amount was not supplied.

Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Photo-based condition insights

Overall presentation: poor

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About 369 East Main Street

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Request a tour of 369 East Main Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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