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Improved Commercial Land for Sale in Spencer, Tennessee

15391 State Route 111, Spencer, TN 38585

$450,000
1.53 acres
Active
ago
Est $2,422/mo

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!

10,320
Sq feet
1992
Built

Location

Street address
15391 State Route 111
Elevation
1,766 feet
Coordinates
35.7486, -85.4578

Directions

From Cookeville or Sparta: Take HWY 111 S toward Spencer, business will be on the right.

Property details

Acreage
1.53 acres
Zoning
Commercial
MLS #
REALTRACS 3112165
Posted

Parcels

  • 030B B 00300 000

Details and features

Listing

Type
Commercial Sale
Subtype
Mixed Use
Possession
Close of Escrow

Listing history

DateEventPriceChangeSource
Jan 22, 2026New listing$450,000REALTRACS
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This 1.53-acre property is located at 15391 State Route 111 in Spencer, TN 38585. The property is available for sale for $450,000. It has a 10,320 sq ft structure built in 1992.

Checked 1 hour ago — Updated

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Realtracs

Based on information submitted to the MLS GRID as of Jan 22, 2026 8:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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