# 15391 State Route Hwy 111, Spencer, TN 38585

> **TL;DR:** commercial, $450,000 ($44/sqft), built 1992, 10,320 sqft. Est. $1,950/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $450,000 |
| Price/sqft | $44 |
| Square Feet | 10,320 |
| Year Built | 1992 |
| Lot Size | 66,647 sqft (1.53 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,950 |
| **Total** | **$1,950** |

## Property Highlights

- Built in 1992
- 1.53 acre lot

## Description

### Agent 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!!!

## Location

- **Address:** 15391 State Route Hwy 111, Spencer, TN 38585
- **County:** Van Buren
- **Coordinates:** 35.7484849, -85.4579798
- **Google Maps:** https://www.google.com/maps?q=35.7484849,-85.4579798

## Listing Agent

- **Name:** Heather Bryant
- **Brokerage:** Keller Williams Realty DBA Cookeville RE Company
- **Phone:** 9312600303
- **Email:** hbryant0303@gmail.com

## Primary Photo

![15391 State Route Hwy 111 - Primary Photo](http://lh.rdcpix.com/5b545007fbcc57236621f21125fa520el-f2151889094r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/15391-state-route-hwy-111-spencer-tn-38585-n243823)*

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**MLS#:** 243823 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/15391-state-route-hwy-111-spencer-tn-38585-n243823)

---

## Structured Data

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