138 College St, Spencer, TN 38585-3214
- Office Spaces
- 3,280 SF
- 0.06 lot acres
Current Use by Public Records
- Office Spaces
Property Details for 138 College St
- Year built
- 1958
- Lot size
- 0.06 lot acres
- Property type
- Office Spaces
- APN
- 088030I A 00400
- APU
- 088030IA00400
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 29, 2024 | $50,000 | Marilyn H Baker | Clayton Miles | Warranty Deed | — |
| Feb 26, 2019 | $35,000 | Clayton Miles | Damon Markum | Warranty Deed | — |
| Aug 7, 2013 | $53,000 | Damon Markum | Marilyn H Baker | Warranty Deed | $48k · Baker Marilyn H |
Description
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
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Van Buren
- State
- Tennessee
- Longitude
- -85.4677
- Latitude
- 35.7478
