1693 Highway 138, Mercer, TN, 38392
About This Home
Unique live/work opportunity in the heart of Mercer! This one-of-a-kind single-family home features an attached commercial space with endless potential. The residential living area offers 2 bedrooms and 2 bathrooms, along with a comfortable kitchen and open living/dining space. The expansive commercial portion of the property has a rich local history, previously serving as the town fire department, retail shop, restaurant, ice cream parlor, and antique store. With renovation, this versatile space could be transformed into additional living quarters, a family-owned business, event venue, studio, or residential/commercial rental. An additional lot is included in the purchase price, providing valuable flexibility for outdoor entertaining, open-air retail, parking, or future expansion. Located in the charming community of Mercer, directly across from the popular Papa Daddy's Restaurant, this property offers excellent visibility and small-town appeal. A rare opportunity for buyers seeking space, character, and income potential all in one. Property to be sold As Is.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: false
- Year built: 1978
Materials
- Foundation: Raised,Slab
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Electric Range,Electric Water Heater
- Laundry features: Electric Dryer Hookup,Sink,Washer Hookup
Bedroom
- Level: Main
- Area: 196
- Dimensions: 14.0 x 14.0
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 4
- Main level bedrooms: 2
Features
- Window features: Vinyl Frames
- Flooring: Concrete,Vinyl
Heating & Cooling
- Heating features: Other
- Cooling features: Ceiling Fan(s),Electric,Multi Units
Interior Area
- Total structure area: 2,900
- Total interior livable area: 1,000 sqft
Kitchen
- Level: Main
- Area: 203
- Dimensions: 14.5 x 14.0
Living Room
- Level: Main
- Area: 203
- Dimensions: 14.0 x 14.5
Master Bedroom
- Level: Main
- Area: 210.25
- Dimensions: 14.5 x 14.5
Office
- Level: Main
- Area: 480
- Dimensions: 20.0 x 24.0
Other
- Level: Main
- Area: 1215
- Dimensions: 27.0 x 45.0
Utility Room
- Level: Main
- Area: 170
- Dimensions: 17.0 x 10.0
Property
Details
- Parcel number: 138 B 021.00
- Zoning description: Residential and Commercial
- Special condition: Standard
Features
- Levels: One
- Patio & porch: Front Porch,Rear Porch
Lot
- Lot size dimensions: .79 irreg
Parking
- Total spaces: 4
- Parking features: Open,Other
- Has uncovered spaces: Yes
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Earthquake
- Lightning
- Drought
- Heat Wave
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,162 | $13,944 |
| Home Insurance | $168 | $2,016 |
| Property Taxes | $354 | $4,248 |
| Electricity | $175 | $2,103 |
| Total | $1,859 | $22,308 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-16 | Listed for sale | $229,900 |
| 2024-05-22 | Listing removed | $258,000 |
| 2024-02-09 | Price change | $258,000 |
| 2023-12-22 | Listed for sale | $259,000 |
| 2023-12-15 | Listing removed | -- |
| 2023-09-14 | Listed for sale | $275,000 |
| 2016-11-09 | Sold | $60,000 |
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