Grocery Store

Spencer, TN Grocery And Convenience Stores for Sale

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Established Grocery Business
Updated: Apr 23
Established Grocery Business

15391 State Route Hwy 111, Spencer, TN 38585

$450,000
10,320 sqft 1.53 AC lot
Business‑only sale; real estate is not included
Operating Save A Lot grocery business
10,320‑square‑foot store facility
Existing lease in place
Functioning store with equipment included
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 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 2 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.

Gas Station Property with Grocery Store
Gas Station Property with Grocery Store

11855 Nashville Hwy, Baxter, TN 38544

$329,000
2,800 sqft 0.50 AC lot

The building includes grocery, deli, and beer components for retail or food-service operations.

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Historic Short-Term Rental Property
Historic Short-Term Rental Property

11710 Nashville Hwy, Baxter, TN 38544

$249,929
1,300 sqft

Historic retreat currently operating as an Airbnb near I-40, Cordell Hull Lake, and Center Hill Lake.

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Grocery Outparcel Retail Store
Grocery Outparcel Retail Store

150 River Rd, Decatur, TN 37322

$876,000

Grocery outparcel retail offering includes an existing tenant with remarks citing a 21% rent increase.

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Sports Bar and General Store with Apartments
Sports Bar and General Store with Apartments

370 State Highway 304, Decatur, TN 37322

Contact for pricing
4,080 sqft

Turn-key sports bar, general store, and rental apartments near Watts Bar Lake with paved parking and existing operations.

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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.

Interstate Commercial Land
Interstate Commercial Land

13513 Monterey Highway, Monterey, TN 38574

$1,000,000
3.90 AC lot

C-2-zoned site with road exposure, multiple access points, and water and sewer service identified.

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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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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

Estimated value:
$320,000
7,377 sqft 4.01 AC lot
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Spencer, TN Grocery And Convenience Stores Market Trends and Statistics

Explore 2 grocery and convenience stores for sale in Spencer, TN on our real estate platform. These investment opportunities span a total of 10,320 square feet of properties for sale, with an estimated market value of $450,000.

Sale prices for supermarkets in Spencer, TN average $450,000 — 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

Auto shops 1
Automotive properties 1
Grocery and convenience stores 1

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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