40 Chestnut Street, Spencer MA 01562
Spencer, MA 01562
$699,000
Est. $3,735/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
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!!
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
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
For Sale
Year Built
1890
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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
|
#668 of 825
|
Score: 37.5
Improved 5 spots from last year
-20.7 below state avg
461 students
Diverse
Grades K-04
C-
East Brookfield Elementary School
2.3 mi
|
#725 of 825
|
Score: 33.9
Dropped 262 spots from last year
-24.3 below state avg
254 students
Moderate
Strong Attendance
Grades PK-06
Mad Brook Academy
3.8 mi
Grades PK
Middle Schools
2 schools
D
Knox Trail Middle School
0.6 mi
|
#327 of 352
|
Score: 28.7
Dropped 50 spots from last year
-29.5 below state avg
407 students
Diverse
Grades 05-08
C+
Leicester Middle School
4.7 mi
|
#226 of 352
|
Score: 38.6
Improved 5 spots from last year
-19.6 below state avg
401 students
Diverse
Grades 05-08
High Schools
3 schools
C
David Prouty High School
1.0 mi
|
#253 of 346
|
Score: 47.0
Dropped 8 spots from last year
-11.2 below state avg
321 students
Moderate
13 sports
• 482 athletes
Strong AP Program
Career Tech Programs
College Ready Curriculum
Grades 09-12
B
Leicester High School
4.7 mi
|
#163 of 346
|
Score: 54.7
Dropped 3 spots from last year
-3.5 below state avg
409 students
Diverse
14 sports
• 674 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
C-
North Brookfield High School
4.9 mi
|
#295 of 346
|
Score: 40.7
Improved 8 spots from last year
-17.5 below state avg
161 students
Moderate
College Ready Curriculum
Grades 06-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$0
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
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
Loading map...
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
Aug 2, 2026 3:10 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Spencer.