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 on a lot size of 1.53.

High-Demand Grocery Business Opportunity – Spencer, TN!! Position yourself in a market with built-in demand and virtually no direct competition. This is a rare chance to acquire an established Save A Lot grocery business in Spencer, TN—the only full-service grocery store in the county, strategically located on a high-traffic highway. This is a business-only sale (real estate not included), with a lease in place—offering a lower barrier to entry and immediate operational continuity. The store is fully functioning and equipped, allowing for a seamless transition for an owner-operator or investor. With a loyal, consistent customer base and its role as a primary food source for the surrounding community, this business benefits from dependable foot traffic and repeat revenue. Whether you're an entrepreneur looking to step into a proven operation or an investor seeking a recession-resilient, necessity-based business, this is a compelling opportunity in an underserved market!!!

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Commercial Active

Price

$ 450,000

Property Type

Commercial

Taxes

$ 3,808

Style

Business Only

Lot Size

1.53

Year Built

1992

Town/City

Spencer

County/Region

Van Buren

MLS | Web ID

243823

Features
General
Possession AtClosing
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

Keller Williams Realty Dba Cookeville Re Company

Broker

hbryant0303@gmail.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
4/23/2026$450,000 Listed Price

Map


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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 and a lot size of 1.53. 15391 State Route Hwy 111 was built in 1992. The property's zip code is 38585 which is in Spencer, TN