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Self-Storage

Spencer Self Storage Development Site

Spencer, MA

Spencer Self Storage Development Site, Spencer, MA

Asking price

$1,790,000

Units

445

Cap rate

Price / unit

$4,022

About this property

Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Spencer Self Storage Development Site Back to Results Spencer, MA $1,790,000 $2,500,000 $1,790,000 Main Street Self Storage is strategically located near the intersection of East Main Street (Route 9) and Donnelly Road in Spencer, MA, approximately 15 miles west of the city of Worcester, MA. The property benefits from strong visibility along a primary commercial corridor with over 13,588 vehicles per day (massDOT) and direct access to Worcester and the I-90/Mass Pike, making it highly accessible to the surrounding trade area. The development will utilize 16.48 net acres to deliver seven buildings across two phases, totaling approximately 87,500 gross square feet. The multi-story design of the climate controlled buildings maximizes rentable density while minimizing land coverage, leaving ample room for parking, and future expansion. Drive-up non-climate controlled units provide the ground-floor convenience that a significant segment of self storage renters demand, while the interior CC product targets the premium renter willing to pay for a fully protected environment. Phase I establishes the property with 445 units — a mix of 225 climate controlled interior units and 220 non-climate controlled drive-up

All details

Asking price$1,790,000
Units445
Price per unit$4,022
Building size60,550 sq ft
First seenSep 6, 2026
Last verifiedSep 7, 2026