Fully Permitted Development Site - Commercial LAND FOR SALE


Spencer, MA 01562 692,168 SF
$2,500,000 USD
603-637-2008
Fully Permitted Development Site, Spencer, MA for Sale
$2,500,000 USD
Commercial LAND - FOR SALE
1/2
692,168 SF

Fully Permitted Development Site
Spencer, MA 01562


HIGHLIGHTS

  • Underserved Market: Only two facilities within 5 miles (55,686 SF total), equating to 2.21 SF per capita
  • Strong Demographics: $90K+ median household income, and a projected population growth to support consistent demand
  • High Visibility Location: Positioned on Route 9 with 13,588+ vehicles per day and strong accessibility
  • Phased Development Strategy: Phase I (445 units) followed by Phase II expansion (225 units), allowing for scaled growth and reduced upfront risk.

OVERVIEW

Main Street Self Storage is shovel ready and strategically located near the intersection of East Main Street (Route 9) and Donnelly Road in Spencer, MA, approximately 15 miles west of the city of Worcester, MA. The property benefits from strong visibility along a primary commercial corridor with over 13,588 vehicles per day (massDOT) and direct access to Worcester and the I-90/Mass Pike, making it highly accessible to the surrounding trade area. As a sub-burb to the city of Worcester, Spencer, Ma is ideally positioned for a best-in-class self-storage development. Worcester itself is home to major employers in healthcare, education, and manufacturing, including University of Massachusetts Medical School, Hanover Insurance, and Saint Vincent Hospital with employees who increasingly settle in Spencer and surrounding communities. The town’s own projected population growth all point to a durable and expanding demand base for self-storage. Signage is included as part of the municipal approvals.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/ACRE

$157,332/AC

PRICE/SF

$4 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Fully Permitted Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Self-Storage

LAND ACRES

15.89 AC

LAND SF

692,168 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jessie GiltonNAI Norwood GroupMore Info
603-637-2008

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Jessie GiltonNAI Norwood GroupMore Info
603-637-2008

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