405-407 Main Ave 12,520 SF Office Building Spencer, MA 01562 $1,595,000 ($127.40/SF) 8.55% Cap Rate

Brian Johnson & Chris Naff of Kelleher & Sadowsky Associates, Inc. are pleased to introduce 405-407 E. Main Street in Spencer, Massachusetts as available for sale or for lease, with approximately ±5,974 rentable square feet available. Suite A is currently leased to Hometown Veterinary Partners Spencer, LLC d/b/a Spencer Veterinary Hospital. The Spencer Veterinary Hospital has been an occupant of the building since early 2020 and now has a lease in place through February 2, 2030. Current NOI is $136,325 with the Tenant responsible for 100% of the triple net expenses for the first two years of the term, or until Suite B is leased. The balance of the building, in Suite B, was last utilized by the Reliant Medical Group for internal medicine use with an existing build-out comprised of exam rooms, consult offices, reception area, internal bathrooms, and a central administrative station.
The property is conveniently located on Route 9, which provides signage & high visibility to an average daily traffic count of approximately 13,000 cars (2024). In addition, the property boasts a parking ratio of ±8.5 spaces per 1,000 rentable square feet – perfect for both patients, clients, and employees. The building was renovated in 2011 and has been well maintained for the past 5 years with on-site ownership. Please give us a call today to schedule a tour!