• 1 Bathrooms
  • 1.06 ac
  • 2,115.00 ft2

Commercial property for Sale in Henry County, VA

$2,500,000
Old Well Rd, Spencer, VA 24165, Spencer, Virginia (Henry County)

Property Description

High-visibility commercial property with excellent frontage on Rt. 58, offering multiple income streams and outstanding business potential. This versatile mixed-use property includes a gas station, convenience store with café area, residential rental units, a separate brick home, and highway-front showroom space ideal for automotive or equipment sales.

The commercial building features a gas station setup (currently not selling fuel) with two 10,000-gallon fuel tanks. The tanks are required to be certified every three years and have recently been re-certified, providing added value and peace of mind for future operations. The property also includes a convenience store and in-store café area, creating opportunities for retail, food service, or a combination of both.

Residential improvements include three apartments: a spacious owner-occupied 3-bedroom, 1-bath apartment, plus two additional rental units, each offering 1 bedroom and 1 bath, providing consistent income potential.

A separate brick home adds further value and flexibility, featuring 2 bedrooms, 1 bath, an enclosed porch, and its own private driveway. The property is serviced by one well and two septic systems.

The highway-front showroom and sales lot provide exceptional visibility and exposure along Rt. 58, making the property ideal for auto sales, equipment sales, retail display, or other commercial ventures.

Property Highlights

  • High-traffic Rt. 58 location with excellent visibility
  • Gas station setup (currently not selling fuel)
  • Two 10,000-gallon fuel tanks recently re-certified
  • Convenience store with café area
  • Three apartments: one 3BR/1BA and two 1BR/1BA units
  • Separate brick home with 2BR/1BA, enclosed porch, and private driveway
  • One well and two septic systems
  • Highway-front showroom and sales lot
  • Multiple income-producing opportunities
  • Ideal for owner-operators, investors, or redevelopment

A rare opportunity to acquire a highly visible mixed-use property with commercial, residential, and investment potential in a prime Rt. 58 location.

For additional information or to schedule an appointment to see this property, call listing agent Johnny Lambert 276-952-5502 or listing office 276-694-2646.

PROPERTY HIGHLIGHTS:

CONVENIENCE STORE HIGHLY VISIBLE LOCATION
WITH CAFE AREA Commercial Property
RESIDENTIAL RENTAL UNITS Investment & Income

Address: Old Well Rd, Spencer, VA 24165
City:
Area:
State/County:
Zip: 24165
Country: United States

Property Id: 588308
Price: $2,500,000
Property Size: 2,115.00 ft2
Property Lot Size: 1.06 ac
Bathrooms: 1
County: Henry County
Lot Size (AC): 1.06000
Year Built: 1950
Listing ID: 45048-005230
Office ID: 2834
Listing Address: Old Well Rd, Spencer, VA 24165, Spencer, Virginia 24165

Other Features
Airport
Appliance
Basement
Central Air
Community Activities
Cul de Sac
Deck
Energy Efficient
Fence
Finished Basement
Fireplace
Fireplace Location
Gated
Guest House
Gym/Fitness Center
Handicapped Accessible
Hospital
Hot tub
Large Kitchen
Maintenance Provided
Mineral Rights
New Appliances
Outbuildings
Park
Parking
Patio
Pool
Restaurants/Shopping
Room
School
Security System
Security System/Alarm
Sewer
Sprinkler System
Storage
Storm Shelter/Cellar
Tennis Court
View
Water Access
Water Rights
Wine Cellar

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

Johnny Lambert

Lambert Realty (Current) - Lambert Realty
Call Office(276) 694-2646
Call Mobile(276) 952-5502

Contact Me

Compare Listings

Johnny Lambert