407 E. Main - Medical FOR SALE


Spencer, MA 01562
$1,995,000 USD
774-272-1112
407 E. Main, Spencer, MA for Sale
$1,995,000 USD
Medical - FOR SALE
1/5
null | 6.67% Cap Rate

407 E. Main
Spencer, MA 01562


HIGHLIGHTS

  • Parking ratio of 8 per 1,000 SF
  • Lease in place through 2/2/30
  • NOI of $133,000
  • ±5,974 RSF available
  • Building size: ±12,520 SF
  • All furnaces less than 5 years old, roof is approx. 14 year old

OVERVIEW

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 buildout 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!

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

212

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

C

APN/PARCEL ID

EBRO-000053-000130-000790,SPEN-000035R-000033

ASK ABOUT THIS PROPERTY

Brian JohnsonKelleher & Sadowsky Associates, Inc.More Info
774-272-1112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Brian JohnsonKelleher & Sadowsky Associates, Inc.More Info
774-272-1112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.