Grocery Store

Spencer, TN Grocery And Convenience Stores for Sale

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Palmer, TN Sparta, TN Quebeck, TN Rock Island, TN Doyle, TN Pikeville, TN Mc Minnville, TN Walling, TN
Established Grocery Business Opportunity
Updated: Apr 23
Established Grocery Business Opportunity

15391 State Route Hwy 111, Spencer, TN 38585

$450,000
10,320 sqft 1.53 AC lot
Only full‑service grocery store in the county, fulfilling a critical need in an underserved market.
Established Save A Lot grocery business with a loyal, consistent customer base.
Located on a high‑traffic highway, ensuring dependable foot traffic.
Fully functioning and equipped, allowing for a seamless transition.
Business‑only sale with a lease in place, offering a lower barrier to entry.
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Corner Retail Store with Long-Term Lease
Updated: Apr 21
Corner Retail Store with Long-Term Lease

250 Taft Dr, Spencer, TN 38585

$1,523,100
10,500 sqft 1.25 AC lot
Newly built in 2023: large ±10,500 SF Family Dollar store on a corner site at State Road 111 and Taft Drive
±1.25‑acre lot with frontage at the intersection of four‑lane State Road 111 and Taft Drive
10‑year NN+ lease through July 31, 2033 with five 5‑year renewal options
Family Dollar guarantees the lease; tenant operates a retail network across 49 states
Across the street from Van Buren County Administrative Offices
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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Spencer, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Convenience Store with Gas Pumps
Retail Convenience Store with Gas Pumps

1424 Bellview Rd., Pikeville, TN 37367

$415,000
2,484 sqft 2.50 AC lot

Working retail store on site with gas pumps and an unfinished home across 2.5 acres with extensive road frontage.

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Gas Station with Working Store and Land
Gas Station with Working Store and Land

1424 Bellview Rd, Pikeville, TN 37367

$425,000
2,484 sqft 2.50 AC lot

Working convenience store and installed gas pumps on a large tract with significant road frontage for expansion or redevelopment.

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Country Store with Conveying Equipment
Country Store with Conveying Equipment

Mc Minnville, TN 37110

$170,000
1,320 sqft 1.00 AC lot

For sale country store with 1-acre lot and 1,320 sq. ft. building, plus equipment, shelving, tables, and chairs included.

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Country Store with Included Equipment
Country Store with Included Equipment

Mc Minnville, TN 37110

$170,000
1,320 sqft

For sale storefront with conveying equipment, shelving, tables, and chairs, ready for a new operator.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

High-Traffic Commercial Land Site
High-Traffic Commercial Land Site

1225 Neal St, Cookeville, TN 38501

$1,790,000
2.00 AC lot

High-traffic commercial land on Neal St minutes from Hwy 111 and I-40 with retail and service uses nearby.

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Interstate-Adjacent Commercial Land Site
Interstate-Adjacent Commercial Land Site

13513 Monterey Highway, Monterey, TN 38574

$1,000,000
3.90 AC lot

3.9-acre commercial land parcel zoned C-2 with multiple ingress/egress and ample frontage on Monterey Highway.

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Unrestricted Land with Highway Frontage
Unrestricted Land with Highway Frontage

Rhea County Hwy, Dayton, TN 37321

$389,900
7.35 AC lot

7.35 acres with high visibility frontage, ideal for development.

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General Commercial Corner Land Parcel
General Commercial Corner Land Parcel

Tract 2 Hwy 111 lot: 2, Cookeville, TN 38506

$199,900
5.00 AC lot

Five-acre corner tract zoned C-A General Commercial with extensive road frontage on Hwy 111.

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Off-Market Properties in Spencer, TN

Consider similar Off-Market properties in Spencer, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

15287 State Rte 111
GROCERY, SUPERMARKET

15287 State Rte 111, Spencer, TN 38585-3481

$650,000
Estimated value
7,377 sqft 4.01 AC lot
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Spencer, TN Grocery And Convenience Stores Market Trends and Statistics

Explore 3 grocery and convenience stores for sale in Spencer, TN on our real estate platform. These investment opportunities span a total of 20,820 square feet of properties for sale, with an estimated market value of $1,973,100.

Sale prices for supermarkets in Spencer, TN start at $450,000, averaging $986,550, and reaching up to $1,523,100 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Grocery and convenience stores 2

Demographics Overview

Population 4,550
Population Growth (5Y) +14.6%
Median Household Income $51,458
College Educated 17.7%

High-Yield Neighborhoods for Investment

Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
38585 $450K

Taxes & Financing

Tax Rate (average for all types) 2.32%
Property Tax per SF $55.51 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Van Buren County

New Delisted

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