Markets We Serve
Spencer, Massachusetts
Commercial Real Estate
Spencer sits 20 minutes west of Worcester on Route 9, and it's the retail and service hub for the southern end of Worcester County. The town holds down the Route 9 corridor between Worcester and the Brookfields, and it pulls in shoppers from Brookfield, East Brookfield, and North Brookfield.
11,961
Population
Single rate (contact assessor)
Tax Rate / $1,000 (FY2025)
0
Available Properties
$79,086
Median Household Income
Commercial Corridors
Key Business Districts
Main Street/Route 9 Corridor
Retail, dining, and professional services
Spencer Shopper's Village
53,103 SF grocery-anchored center with CVS Pharmacy
Route 31 Corridor
North-south access to Paxton, Holden, and Charlton
Zoning
Zoning Districts
Regional Access
Transportation
Route 9: 20 minutes to Worcester, access to Brookfields and Ware
Route 31: North to Paxton, Holden, and Fitchburg, south to Charlton
Route 49: Connects to Route 20 and I-90 (Mass Pike) via Sturbridge
I-90 Exit 78 (Sturbridge): 15 minutes south
Economic Base
Major Employers
Price Chopper
Grocery Retail
Big Y Foods
Grocery Retail
CVS Pharmacy
Pharmacy/Retail
Klem's
Home & Garden Retail
Spencer-East Brookfield School District
Education
Investment Thesis
Why Spencer?
Commercial rents in Spencer run cheaper than they do in Worcester proper, and you get good Route 9 visibility and easy regional access for the money. The town has long been where the workers live for industry across greater Worcester County. Route 9 carries about 16,000 vehicles a day through the downtown core.
Common Questions
Spencer Commercial Real Estate FAQ
Spencer offers retail storefronts along the Main Street and Route 9 corridor, professional office space, and limited industrial and flex space. The Spencer Shoppers Village is a 53,103 SF grocery-anchored center with CVS Pharmacy. Commercial rents in Spencer typically run 30 to 40 percent below Worcester proper.
Spencer uses a single tax rate for all property types. Contact the Spencer Town Assessor for the current rate. The single-rate structure simplifies tax planning for commercial property owners and tenants compared to split-rate communities like Worcester.
Spencer offers value-oriented commercial rents with excellent Route 9 visibility, which carries approximately 16,000 vehicles per day through the downtown core. The town serves as a regional retail hub for southern Worcester County, anchored by Price Chopper, Big Y, and CVS. Access to I-90 via Sturbridge is 15 minutes south.
Local Insights
Market Momentum
Route 9 carries ~16,000 vehicles/day through the downtown core, supporting strong retail visibility
Anchor tenants Price Chopper, Big Y, and CVS maintain consistent foot traffic at Spencer Shopper's Village
Commercial rents run 30-40% below Worcester proper, attracting small business and professional service tenants
Residential permit activity remains steady, supporting population growth that feeds local retail demand
Available Listings
Our Properties in Spencer
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Track Record
Recently closed in Spencer
Market Research
Latest on Spencer commercial real estate
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Market data last updated: December 2024. Sources: Town Assessor, U.S. Census, MA DOR.