15391 State Route Hwy 111, Spencer, TN 38585
Van Buren County
Key Facts
Description
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!!!
Property Information
Property Type
Business Opportunity
Sub-Type
Business
Year Built
1992
Stories
1
Living Area
10,320 sq ft
Lot Size
1.53 acres
Lot Dimensions
1.53 ac
Days on Market
1
MLS® Listing#
243823
Property Features
Water Source
Financial Details
Annual Taxes
$3,808
Parcel Number
003.00
Directions
From Cookeville or Sparta: Take HWY 111 S toward Spencer, business will be on the right.
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $360,000 · Est. interest $502,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spencer, TN
- $352,174
- Median Listing Price
- 78
- Median Days on Market
- 1,394
- Median Sq Ft
- $241
- Median Price / Sq Ft
- 57
- Active Listings
- This home’s price is 28% above the area median.
- Its price per sq ft is 82% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spencer, TN.
Location
Points of Interest in Spencer, TN
Showing the Spencer area map.
Nearby Schools
Van Buren County Schools, TN
School · 0.5 mi away
Van Buren County High School
Secondary · 0.5 mi away
Spencer Elementary School
Elementary · 0.6 mi away
Doyle Elementary
Elementary · 7.6 mi away
Sampson Christian Academy
School · 10.0 mi away
Woodland Park Elementary
Elementary · 11.0 mi away
Eastside Elementary
Elementary · 11.5 mi away
Central View Elementary School
Elementary · 11.8 mi away
White County High School
Secondary · 13.3 mi away
White County Middle School
Secondary · 13.5 mi away
Headstart
School · 13.6 mi away
Findlay Elementary
Elementary · 14.5 mi away
White County Schools - Sparta, TN
School · 14.5 mi away
Bon de Croft Elementary School
Elementary · 15.2 mi away
LBJ&C Development
School · 15.8 mi away
Cassville Elementary
Elementary · 16.4 mi away
Indian Mound School
School · 16.9 mi away
Faulkner Springs Christian School
School · 17.4 mi away
Bledsoe County High School
Secondary · 17.6 mi away
Bledsoe County Middle School
Secondary · 17.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1034 Gadsden Way, Spencer, TN | $315,000 | — | — | — |
| 1034 Gadsden Way, Spencer, TN | $315,000 | — | — | — |
| 267 Simmons St, Spencer, TN | $325,000 | 4 | 2 | 2,600 |
| 0 Long Fork Creek Road, Spencer, TN | $329,000 | — | — | — |
| 12281 SR 111, Spencer, TN | $329,000 | — | — | — |
| 101 Meadow View Lane, Spencer, TN | $329,900 | 2 | 2 | 1,146 |
Moving Cost Estimate
EXIT Agents in Spencer
Listing Courtesy: Keller Williams Realty DBA Cookeville RE Company - 9314002008, klrw582@kw.com
Presented by: Heather Bryant