15617 State HwySpencer, TN 38585
- Other commercial real estate
- 1,728 SF
Property Details for 15617 State Hwy
- Lot size
- 1.06 AC
- Property size (Sq ft)
- 1,728 SF
- Property type
- Other commercial real estate
- Property subtype
- Other specialty properties
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
Location Insight
- City
- Spencer
- County
- Van Buren
- State
- Tennessee
- Latitude
- 35.7521
- Longitude
- -85.4581
Comparable in this City
Similar Nearby for Sale
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