40 Chestnut Street, Spencer MA 01562
Spencer, MA 01562
$699,000
Est. $3,735/month
About this home
Don't miss this opportunity! Owners are retiring and looking to hand their pride and joy to future buyers. Step back in time to this classic tavern with a spectacular center Brunswick Bar surrounded by rustic wood, tin ceilings, oak paneling, two pool tables, dart boards, wide screen projector, full kitchen with stainless hood, fryolators, Wine cellar. The second floor is perfectly set up for banquets, functions, and large gatherings up to 80 people, a second full bar, tv's, ice maker, too much to list. This is your opportunity to own a well established business with excellent cash flow!!
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Property History
Property Timeline
Listed for Sale
Jul 29, 2026
$699,000
Original listing
Agent: The Balestracci Group
Office: Lamacchia Realty, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/29/2026 | 🏠 Listed for Sale | $699,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| Tax history not available | ||
Facts & Features
Home Facts
Type
Business Opportunity
Year Built
1890
Lot Size
5,610 sq ft
Investment Metrics
Gross Income
$256,450
Net Operating Income
$189,026
Cap Rate
27.04%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer
Financial
No financial details available
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
The Source Of All Representations Are From Seller Or Public Source; Broker Has Not Verified Same. Buyer/buyer Agent To Verify All Info.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Worcester
Property Overview
Listing Type
Business Opportunity
Year Built
1890
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Spencer-East Brookfield School District local
F
Elementary Schools
3 schools
C-
Wire Village School
1.7 mi
|
#667 of 824
|
Score: 37.5
Improved 6 spots from last year
-20.7 below state avg
430 students
Moderate
Grades K-04
C-
East Brookfield Elementary School
2.3 mi
|
#727 of 824
|
Score: 33.7
Dropped 264 spots from last year
-24.5 below state avg
247 students
Moderate
Grades PK-06
Mad Brook Academy
3.8 mi
Grades PK
Middle Schools
2 schools
D
Knox Trail Middle School
0.6 mi
|
#328 of 352
|
Score: 28.5
Dropped 51 spots from last year
-29.7 below state avg
415 students
Moderate
Grades 05-08
C+
Leicester Middle School
4.7 mi
|
#227 of 352
|
Score: 38.5
Improved 4 spots from last year
-19.7 below state avg
394 students
Diverse
Grades 05-08
High Schools
3 schools
C
David Prouty High School
1.0 mi
|
#271 of 346
|
Score: 44.4
Dropped 26 spots from last year
-13.8 below state avg
306 students
Moderate
13 sports
• 482 athletes
Career Tech Programs
College Ready Curriculum
Grades 09-12
B
Leicester High School
4.7 mi
|
#161 of 346
|
Score: 54.0
Dropped 1 spots from last year
-4.2 below state avg
388 students
Diverse
14 sports
• 674 athletes
Strong AP Program
Career Tech Programs
College Ready Curriculum
Grades 09-12
C-
North Brookfield High School
4.9 mi
|
#304 of 346
|
Score: 37.3
Dropped 1 spots from last year
-20.9 below state avg
157 students
Less Diverse
College Ready Curriculum
Grades 06-12
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Monthly Payment Breakdown
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Homeowners Insurance
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PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
40 Chestnut Street, Spencer MA 01562
Spencer, MA 01562
Listing Information
Listing Agent
The Balestracci Group
Listing Office
Lamacchia Realty, Inc.
Office Phone
508-832-5324
Agent MLS ID
TM323786
Office MLS ID
AN8507
Listing Data Updated
Jul 29, 2026 11:11 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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