138 College StSpencer, TN 38585

This 3,240 sq ft mixed-use building in historic Spencer, TN, presents a unique investment opportunity. Located at 138 College St, this 7-unit property, built in 1958, sits on a 0.06-acre lot (APN: 030I A 004.00) and is zoned C1. The building features three distinct entrances and two levels, offering versatile usage options. The ground floor includes open office space, previously used as a beauty salon, while the upper level comprises five separate offices. The property is grandfathered for both short-term and long-term rentals, making it ideal for various income-generating strategies, including residential or commercial leasing. Its location near Fall Creek Falls State Park adds significant appeal. This property is ready for an investor seeking a multi-faceted income stream or a business owner looking for a unique commercial space. The building's layout and zoning provide flexibility for a variety of uses, from a live-work arrangement to a commercial office center or a hub for remote workers. This is a rare opportunity to acquire a well-positioned commercial property in a desirable Tennessee town.