16000 Tn-111 Spencer, TN 38585
This exceptional 4,707 square foot creative office building in Spencer, Tennessee, presents a unique owner-user opportunity. Situated on a 1.9-acre lot with over 350 feet of frontage on TN-111, the property boasts ample parking for 81 vehicles and multiple access points. The single-story, all-brick building, classified as Class B, underwent significant interior renovations in 2022/2023 and exterior updates in 2013/2014. The layout includes multiple offices, restrooms, a kitchenette, a breakroom, and flexible open space, catering to diverse business needs. The property is zoned C-2, allowing for potential expansion. Located approximately 27 miles south of Cookeville and an hour north of Chattanooga, this well-maintained building offers convenient access to major transportation routes. The asking price is $499,900, translating to $106.20 per square foot. The property is currently vacant and ready for immediate occupancy. The property's APN is 023N A 033.00. This is an excellent investment for businesses seeking a functional and updated workspace in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.