Established Grocery Business
For Sale
$450,000
15391 State Route Hwy 111, Spencer, TN 38585
COMMERCIAL - Spencer, TN
Property Size10,320 SF
Lot Size1.53 Acres
Price / SF$43.60
Days on Market102
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 #0995694112
(931) 260-0303
Added: Apr 23
Changed: Jul 25
Last Checked: Aug 2 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 is an opportunity to acquire an established Save A Lot grocery business located in Spencer, Tennessee. The business is the only full-service grocery store in the county. The store is strategically located on a high-traffic highway. This is a business-only sale, and the real estate is not included. A lease is in place. The store is fully functioning and equipped. The business has a loyal customer base and serves as a primary food source for the surrounding community, benefiting from dependable foot traffic and repeat revenue. The property size is 10320 square feet, situated on a 1.53-acre lot. The business is located at 15391 State Route Hwy 111, Spencer, TN 38585. This is a compelling opportunity in an underserved market.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Profitable grocery business in Spencer, TN, with high demand.
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: 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.
