407 E. Main - Medical FOR SALE


Spencer, MA 01562
$1,595,000 USD
774-272-1112
407 E. Main, Spencer, MA for Sale
$1,595,000 USD
Medical - FOR SALE
1/18
null | Request Cap Rate

NEW


407 E. Main
Spencer, MA 01562


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 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!

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% 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

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

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