Established Grocery
For Sale
$450,000
15391 State Route Hwy 111, Spencer, TN 38585
Commercial Sale, Spencer, TN
Property Size10,320 SF
Lot Size1.53 Acres
Price / SF$43.60
Days on Market143
Property Features for 15391 State Route Hwy 111
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Cookeville or Sparta: Take HWY 111 S toward Spencer, business will be on the right.
Subdivision
Van Buren Co., TN
Standard status
Active
APN
003.00
Size
10,320 SF
Lot size
1.53 Acres
Taxes and HOA fees
Tax Annual Amount
3808
Building Details
Year built
1992
Floors in Building
1
Listing Agency:
Keller Williams Realty DBA Cookeville RE Company
(931) 400-2008
Listed By:
Heather Bryant · License #362698
(931) 260-0303
Added: Apr 23
Changed: Sep 6
Last Checked: Sep 12 at 2:06PM
MLS# 243823
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.
Investment Insights
Based on property information with market context.
This business-only offering includes an operating Save A Lot grocery store in Spencer, Tennessee. The store occupies approximately 10,320 square feet within a building constructed in 1992, and the sale includes the functioning business and installed equipment; real estate is not part of the transaction.
An existing lease is in place, supporting continuity for the next operator. The store is located at 15391 State Route Hwy 111 and serves as a full-service grocery source for the surrounding community and Van Buren County.
An existing lease is in place, supporting continuity for the next operator. The store is located at 15391 State Route Hwy 111 and serves as a full-service grocery source for the surrounding community and Van Buren County.
Key Highlights
- Business‑only sale; real estate is not included
- Operating Save A Lot grocery business
- 10,320‑square‑foot store facility
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38585, TN
4,276
Population
1,962
Households
2.2
Avg Household Size
45
Median Age
12%
College-Educated
80%
High-School Grad
185.0 sq mi
ZIP Area
23
Density / Sq Mi
$51,458
Median Household Income
$35,563
Median Earnings
$705
Median Rent
$137,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating grocery business with an existing lease, equipment, and an established store operation in Spencer.
Where is this grocery and convenience store located?
The property is located at 15391 State Route Hwy 111 Spencer, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Business‑only sale; real estate is not included; Operating Save A Lot grocery business; 10,320‑square‑foot store facility
