Be part of the Spencer Downtown Business Boom and on one of the quickest growing Streets (new Barber Shop, Spa, Framing Shop, Print shop and Restaurant which joins the anchors Pizza Shop and Flower Shop). Built in 1879 as the new Spencer Railroad Depot this building has so much character and the possibilities are endless - looking to invest and have 2 great long term tenants or looking to open a new restaurant, antique shop, hair salon, coffee shop and have a great 2 bedroom apartment for extra income. Current owner has updated the entire first floor making all of the first floor (including bathrooms) handicap accessible and has created a large (882sq ft) dance room w/sprung floor, smaller dance room (276sqft) and office-2 large 1/2 baths - updated heating and ac, electrical, roof on 2 story and some windows. Addition was built in 1969 adding 2 floors of space. Off Street parking spaces on both sides of the building.
62 Wall St, Spencer, MA, 01562
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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