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407 E. Main
Spencer, MA 01562
Office Property For Sale


EXECUTIVE SUMMARY
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 $133,000 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!
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!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
13,273 SF
Building Class
B
Year Built
1992
Price
$1,595,000
Price Per SF
$120.17
Percent Leased
55%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,273 SF
Building FAR
0.23
Lot Size
1.33 AC
Zoning
C - Commercial
Parking
212 Spaces (0 Spaces per 1,000 SF Leased)
AMENITIES
- Yard
PROPERTY TAXES
| Parcel Number | SPEN-000035R-000033 | Improvements Assessment | $639,000 |
| Land Assessment | $83,800 | Total Assessment | $722,800 |
PROPERTY TAXES
Parcel Number
SPEN-000035R-000033
Land Assessment
$83,800
Improvements Assessment
$639,000
Total Assessment
$722,800
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