8 Donnelly Road, Spencer MA 01562

Spencer, MA 01562
$985,000
Est. $5,612/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.

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8,014
Sq Ft
$123
Price/Sq Ft
1.30
Acres
1972
Year Built
18 minutes
Time on Market
For Sale Listed Sep 21, 2026 • MLS# 73580185 Copied! • Updated Sep 21, 2026

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About this home

INVESTMENT OPPORTUNITY WITH INCOME IN PLACE! 8 Donnelly Road is a versatile mixed-use commercial property with over 8000 s.f.of interior space situated on approximately 1.3 acres in a convenient Spencer location with quick access to major routes.The buildings are currently fully rented with three tenants at will, offering an attractive mix of commercial uses including a daycare, warehouse/office space, and another established commercial business. Currently features approximately 3,744 SF of warehouse space, 1,870 SF of office space, and 2,400 SF designated as the daycare unit, along with four drive-in bays, five restrooms, approximately 21+ parking spaces, and a level paved site. Originally constructed in 1972 with additions made over the years, this property offers a flexible layout suitable for a variety of commercial uses and zoning is listed as legal conforming. This is a great location providing excellent highway access and is surrounded by a mix of commercial and residential properties. This property was previously home to a bakery/restaurant and engineering firm offering additional potential for an owner-user or investor seeking a versatile commercial location. Strong existing occupancy, multiple income-producing units, ample parking, drive-in access, and over an acre of land make this a unique commercial opportunity with lots of potential for growth. Showings are by appointment and require notice to the businesses.

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Property History

Property Timeline

🏠
Listed for Sale
Sep 21, 2026
$985,000
Original listing
Agent: Donna Flannery Office: ERA Key Realty Services- Spenc

Tax History

Year Taxes Assessment
2026 $5,170

Financial Details

Annual Property Tax
$5,170
Tax Year 2026

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1972
Living Area 8,014 sq ft
Lot Size 1.30 acres
Gross Income $97,200
Net Operating Income $65,268
Operating Expenses $33,482
Cap Rate 6.63%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Private Sewer

Financial

Annual Tax $5,170
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Tenants Are Tenants At Will.. Residential Listed Under Units Is The Daycare..
Possession None
Accepted Financing None
Structure Type []
Documents None
County Worcester

Property Overview

Listing Type
For Sale
Year Built
1972
Living Area
8,014 sq ft

Floor Layout

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Construction & Materials

Year Built: 1972
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Heating, Cooling & Utilities

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Parking & Garage

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School District
Spencer-East Brookfield School District local
F
E

Elementary Schools

3 schools
C-
Wire Village School
0.6 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
Leicester Elementary School
3.1 mi | #621 of 825 | Score: 39.7
Improved 7 spots from last year
-18.6 below state avg
450 students Diverse
Grades K-04
Leicester Integrated Preschool
3.1 mi
63 students Moderate
Grades PK
M

Middle Schools

2 schools
D
Knox Trail Middle School
1.4 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
3.1 mi | #226 of 352 | Score: 38.6
Improved 5 spots from last year
-19.6 below state avg
401 students Diverse
Grades 05-08
H

High Schools

2 schools
C
David Prouty High School
0.9 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
3.2 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
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $431
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
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

8 Donnelly Road, Spencer MA 01562

Spencer, MA 01562

Listing Information

Listing Agent Donna Flannery
Listing Office ERA Key Realty Services- Spenc
Office Phone 508-885-6336
Agent MLS ID K0003035
Office MLS ID K95257
Listing Data Updated Sep 21, 2026 8:53 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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