INNOVATE Real Estate
Business Opportunity at 40 Chestnut Street, Spencer MA 01562
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39 photos

$699,000

40 Chestnut Street, Spencer MA 01562
Spencer, MA 01562
Listed by The Balestracci Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1890

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!!

Property details

MLS
MLS Property Information Network
MLS #
73556319
Property type
Business Opportunity
Subdivision
N/A
Status
Active
Days on market
83
On market date
July 29, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
5,610 sqft

Location

Get directions →
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Wire Village School
1.59 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
417
Student:teacher ratio
13.0:1
District
Spencer-E Brookfield
Middle
Knox Trail Middle School
0.52 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
408
Student:teacher ratio
13.6:1
District
Spencer-E Brookfield
High
David Prouty High
1.08 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
343
Student:teacher ratio
14.3:1
District
Spencer-E Brookfield

Walkability

Blended score for Spencer's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

67
Walkable
out of 100
EPA National Walkability Index
12.7 / 20 -- Above average walkable
Google Places amenity density
73 / 100
Restaurants & cafes9
Grocery stores2
Parks2
Schools4
Transit stops11
Pharmacies1

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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% / yr
$
/mo
Est. monthly payment
$4,359/mo
$139,800 down
$559,200 loan
Principal & interest$3,627
Property tax (est.)$583
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 2, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.