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16 Olde Main St, Spencer, MA 01562

3 Bed, 1 Bath Single Family Home For Sale

16 Olde Main St, Spencer, MA 01562 Home For Sale - MLS #72463412
$149,900
3
1
Single Family
Colonial

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Property Description for 16 Olde Main St, Spencer, MA 01562

ZONED for COMMERCIAL USE, Exciting development opportunity to renovate existing building and garage OR tear down & put up a new commercial building. Would make a great location for a small self-storage business, industrial building, commercial condos, or garage. Located just off well-traveled Route 9, good visibility & traffic count & access to other major routes. Perhaps a new franchise opportunity to compliment the other anchors in town...? Municipal building for the town or another long-term lease/tenant/state contract? Many possibilities. Abuts the old, Spencer Furniture Location, which is also for sale. Small brook/wetland towards rear of property. Potentially enough land to save & restore the house & garage & sub-divide an additional buildable lot for single family home, or, tear down existing structure & replace with duplex/triplex of residential attached sfr homes, w/town approval.

Interior Details

1,160 sq. ft.
$129.22/sq. ft.

Exterior Details

0.64 acres
27,750 sq. ft.
Detached
1 Garage Spaces
2

Other Details

72463412
1945
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(20%)

Monthly Mortgage Payments

$681
$948

Town Description

The Town of Spencer is located in central Worcester County, twenty minutes west of Worcester and about forty five minutes from Springfield. Largely residential, Spencer has been a supplier of workers...

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