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138 College St 138 College St

3,240 SF 100% Leased Office Building Spencer, TN 38585 £109,584 (£34/SF)

Investment Highlights

  • Short Term and Long Term Rentals Allowed
  • Near Fall Creek Falls State Park
  • Historic Hwy State 30 Route

Executive Summary

Opportunity is knocking! This commercial building in the historic town of Spencer, TN—home to Fall Creek Falls State Park—offers versatile uses. With three distinct entrances and two levels, the possibilities are abundant. Are you looking for an investment property where you can live on one side and rent out the other? Or perhaps you're interested in leasing commercial office space? This could also serve as a business center for remote employees needing a meeting place. The left side features open office space that was once a beauty shop, while the upstairs is already divided into five separate offices. Vacation rentals are permitted, and this property is grandfathered in for both short-term and long-term rentals. The framework for a fantastic investment is ready for you—don't let this opportunity slip away off the historic Hwy 30 Route!

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,240 SF
Building Class
C
Year Built
1958
Price
£109,584
Price Per SF
£34
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,620 SF
Building FAR
1.24
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial
Parking
3 Spaces

Amenities

  • Partitioned Offices
  • Fiber Optic Internet

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
030I-A-004.00
Land Assessment
£783
Improvements Assessment
£7,813
Total Assessment
£8,597
  • Listing ID: 33715181

  • Date on Market: 01/11/2024

  • Last Updated:

  • Address: 138 College St, Spencer, TN 38585

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