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Subway 15617 TN-111 1,728 SF Retail Building Spencer, TN 38585 $607,407 CAD ($351.51 CAD/SF)
Investment Highlights
- Income-producing property with a long-standing national franchise tenant in place.
- Large parking lot improving customer convenience and operational efficiency.
- Ample surrounding land flexibility for future development or expansion opportunities.
- Easily accessible site with strong frontage on TN-111, a primary route in Spencer, TN.
- Located in an Opportunity Zone, offering potential tax incentives for qualified investments.
Executive Summary
This well-maintained commercial property offers an excellent investment opportunity with strong visibility and easy access. Situated on a spacious lot, the property features a large gravel parking area, providing ample space for customer traffic, delivery vehicles, and future expansion.
The main building is currently occupied by a nationally recognized tenant, Subway, offering immediate income potential and brand recognition. The structure is a durable, low-maintenance metal building with a clean, professional storefront and functional layout.
Behind the main building, you’ll find additional utility space and infrastructure, ideal for operational support or potential upgrades. The surrounding area is open and easily accessible, making it suitable for a variety of commercial uses.
The main building is currently occupied by a nationally recognized tenant, Subway, offering immediate income potential and brand recognition. The structure is a durable, low-maintenance metal building with a clean, professional storefront and functional layout.
Behind the main building, you’ll find additional utility space and infrastructure, ideal for operational support or potential upgrades. The surrounding area is open and easily accessible, making it suitable for a variety of commercial uses.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,728 SF
Year Built
2020
Price
$607,407 CAD
Price Per SF
$351.51 CAD
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 023O A 03300000 | Improvements Assessment | $88,240 CAD |
| Land Assessment | $20,486 CAD | Total Assessment | $108,726 CAD |
Property Taxes
Parcel Number
023O A 03300000
Land Assessment
$20,486 CAD
Improvements Assessment
$88,240 CAD
Total Assessment
$108,726 CAD
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Subway | 15617 TN-111
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