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50 N Spencer Rd 12,723 SF Vacant Retail Building Spencer, MA 01562 $980,000 ($77.03/SF)
Executive Summary
A truly one-of-a-kind property offering the rare opportunity to own a charming 3-bedroom, 2-bath home on over 5 acres while embracing a unique live/work lifestyle. The property includes an established greenhouse and garden operation featuring five operating greenhouses, additional outbuildings, ample paved parking, and three ANR-approved lots totaling 5.11± acres. Whether you continue the long-established Spencer Greenery business, expand the existing operation, pursue agricultural or horticultural ventures, or simply enjoy the flexibility of this exceptional property, the possibilities are endless. Two vacant ANR lots offer future development or resale potential (subject to buyer due diligence). Conveniently located on Route 31 with outstanding visibility and easy access. A rare opportunity to combine home, business, and investment potential in one remarkable property.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Garden Center
Building Size
12,723 SF
Building Class
C
Year Built
1960
Price
$980,000
Price Per SF
$77.03
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.06
Lot Size
5.11 AC
Zoning
RR - Residential
Parking
24 Spaces (1.89 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | SPEN-000038R-000038 | Improvements Assessment | $340,400 |
| Land Assessment | $39,100 | Total Assessment | $379,500 |
Property Taxes
Parcel Number
SPEN-000038R-000038
Land Assessment
$39,100
Improvements Assessment
$340,400
Total Assessment
$379,500
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50 N Spencer Rd