Property profile & analytics
15617 State Hwy Spencer, TN 38585
- Specialty properties
- 1,728 SF
- 1.06 lot acres
OFF-MARKET
Value Estimation
Location Intelligence
Current Use by Public Records
- Specialty properties
Property Details for 15617 State Hwy
- Lot size
- 1.06 lot acres
- Property size
- 1,728 SF
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional investment opportunity presents a 1.06-acre commercial parcel in Spencer, Tennessee, at 15617 State Highway 111, encompassing a 1,728 square foot building currently leased to Subway. The property boasts a highly visible location with significant traffic volume and ample parking, ensuring consistent customer flow. A four-year lease is in place, generating a monthly rental income of $1,300, providing immediate and predictable cash flow. The lease includes an option for a five-year extension, offering long-term financial stability. The sale includes only the land and building
Value Estimation
Powered by Realmo proprietary methodology
Last update: July 3, 2025
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Van Buren
- State
- Tennessee
- Longitude
- -85.4581
- Latitude
- 35.7521
