138 College St Spencer, TN 38585-3214

This exceptional mixed-use building, located at 138 College St in the charming historic town of Spencer, Tennessee (home to Fall Creek Falls State Park), presents a unique investment opportunity. Boasting 3,240 square feet on a 0.06-acre lot, this property offers remarkable versatility with three distinct entrances and two levels. The building's adaptable layout allows for a multitude of uses, making it ideal for various business ventures or a savvy investment strategy. The ground floor features open office space, previously utilized as a beauty salon, providing ample room for customization. Upstairs, five separate offices are already in place, perfect for individual rentals or a collaborative workspace. The property is grandfathered in for both short-term and long-term rentals, opening doors to vacation rental possibilities. This presents a compelling chance to live in one section while generating income from the other, or to lease the entire space for commercial office use. The building's location in Spencer, TN, offers a blend of historical charm and proximity to outdoor recreation, making it an attractive destination for both residents and visitors. This is a ready-made framework for a successful investment