15391 State Route Hwy 111 Spencer, TN $ 450,000
15391 State Route Hwy 111
$ 450,000
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15391 State Route Hwy 111

Spencer, TN, 38585
$ 450,000
Bedrooms-- Baths-- Sq 10,320

Monthly Estimate*

$ 2,771

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Commercial Property for sale in Spencer, TN

for $450,000. This 10,320 square foot building was built in 1992.

RARE OPPORTUNITY to own your own business... an established Save A Lot grocery business in Spencer, TN, a close-knit community with no nearby, major grocery competitors. This essential neighborhood store serves as a primary food source for local residents, creating consistent demand and strong community reliance. Sale includes the business and inventory only; the building will be leased. The turnkey operation is fully equipped with 3 checkout registers, dairy cooler, cooled produce display, frozen coolers and floor cases, loading dock, grocery carts, and a complete meat department featuring a meat cooler, grinder, butcher block, knives, and produce scales and equipment. Ideal for an investor seeking a stable, service-driven business with long-term community value in an underserved market. Seize the opportunity to own a thriving grocery store business in a high traffic area that is a well-established business & has been a cornerstone of the local community for years!

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Commercial Active

Price

$ 450,000

Property Type

Commercial

Taxes

$ 3,808

Style

Business Only

Year Built

1992

Town/City

Spencer

County/Region

Van Buren

MLS | Web ID

241730

Features
General
Construction Block
Possession AtClosing
Parking Assigned Paved
Extras Fire Alarm High Visibility Highway Access
Water Supply Public
County Van Buren
Levels 1
Status Active
Area Van Buren Co. TN
Directions From Cookeville or Sparta: Take HWY 111 S toward Spencer business will be on the right.
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* Excluded Features
List By
Heather Bryant

Listing Agent

The Real Estate Collective

Broker

heather@letsgoreco.com

Email

Affordability Calculator

$3,088
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
$317
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2633377 Elementary School
2633378 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/22/2026$450,000 Listed Price

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15391 State Route Hwy 111, Spencer, TN, 38585 is a Commercial Property for sale at $450,000 with 10,320 sqft. 15391 State Route Hwy 111 was built in 1992. The property's zip code is 38585 which is in Spencer, TN