About This Home

This 0-bedroom, 0-bathroom commercial at 15391 State Route Hwy 111 in Spencer, TN is listed for $450,000 ($44 per sqft). Built in 1992, the home offers 10,320 sqft of living space on a 1.53 acres lot.

Key Features

  • Built in 1992
  • 1.53 acre lot

Property Details

1 story
1992
Listing 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!!!

Monthly Cost Estimate

$2,407/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

15391 State Route Hwy 111

Spencer, TN 38585

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 15391 State Route Hwy 111 is listed at $450,000 ($44/sqft). The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1992, 1.53 acre lot.

This property is listed by Heather Bryant.

HB

Heather Bryant

Agent at Keller Williams Realty DBA Cookeville RE Company

Listed by Keller Williams Realty DBA Cookeville RE Company · Broker phone: 9314002008 · View on Broker Site

MLS# 243823· Source: Upper Cumberland Association of Realtors· 11 days on PropertySimple

Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

15391 State Route Hwy 111, Spencer, TN 38585

Open this listing in: