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    Spencer, VA
    Automotive

    Spencer, VA Automotive Properties for Sale

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    Stoneville, NC Martinsville, VA Mayodan, NC Sandy Ridge, NC Patrick Springs, VA Fieldale, VA Stuart, VA Bassett, VA
    Highway-Front Fuel, Retail & Rentals
    Updated: Jun 11
    Highway-Front Fuel, Retail & Rentals

    43 Old Well Rd, Spencer, VA 24165

    $2,500,000
    2,115 sqft 1.02 AC lot
    High‑visibility commercial property on Rt. 58 with highway‑front showroom and sales lot
    Includes former gas station setup and convenience store with in‑store caf area (currently not selling fuel)
    Mixed residential income: one 3BR/1BA owner‑occupied apartment plus two 1BR/1BA rental apartments
    Separate brick home on‑site with 2BR/1BA, enclosed porch, and private driveway
    Year built: 1950
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    Mixed-Use Commercial Property
    Updated: Jul 6
    Mixed-Use Commercial Property

    43 Old Well Rd, Spencer, VA 24165

    $2,500,000
    2,115 sqft
    High‑visibility mixed‑use property on Rt. 58 with convenience store and in‑store caf area
    Gas station infrastructure with two 10,000‑gallon fuel tanks; tanks were recently re‑certified (certification every 3 years)
    Residential income includes 3 apartments: one 3BD/1BA owner‑occupied unit plus two 1BD/1BA rental units
    Separate brick home with 2BD/1BA, enclosed porch, and its own private driveway
    One well and two septic systems servicing the property
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Spencer, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Auto Shop with Lifts
    Auto Shop with Lifts

    1925 Old Chatham Rd, Martinsville, VA 24112

    $225,000
    3,260 sqft 1.14 AC lot

    Two-level auto shop with lifts and ample parking.

    View details
    New Firestone Auto Care Investment
    New Firestone Auto Care Investment

    399 W Commonwealth Blvd, Martinsville, VA 24112

    Contact for pricing
    6,607 sqft 1.20 AC lot

    New construction Firestone in Martinsville, VA with long-term lease.

    View details
    Tenant-Occupied Gas Station Investment Property
    Tenant-Occupied Gas Station Investment Property

    108 Boone Road, Eden, NC 27288

    $559,900

    Gas station for sale with tenant in place until 2028.

    View details
    Multi-Use Facility For Sale
    Multi-Use Facility For Sale

    121 Boone Road, Eden, NC 27288

    $335,000

    Multi-use facility with mechanic shop, office, and warehouse space.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ridgeway, VA Land For Sale
    Ridgeway, VA Land For Sale

    342 Morehead Avenue, Ridgeway, VA 24148

    $188,000
    2.68 AC lot

    2.68 acres on Morehead Ave in Ridgeway, VA.

    View details
    Land Parcels Adjacent to Home Depot
    Land Parcels Adjacent to Home Depot

    3217 Hershberger Rd. |, Roanoke, VA 24017

    Contact for pricing
    2.30 AC lot

    Parcels near Home Depot suitable for retail and hospitality.

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    Corner Development Land with Utilities
    Corner Development Land with Utilities

    Fort Chiswell Road, Austinville, VA 24312

    $275,000
    3.83 AC lot

    C1-zoned corner lot with public water and sewer access, positioned for visibility off major routes near the Poplar Camp exit.

    View details
    Burlington Land with Redevelopment Potential
    Burlington Land with Redevelopment Potential

    513 South Graham Hopedale Road, Burlington, NC 27217

    $250,000
    0.30 AC lot

    0.299-acre lot in Burlington with office/institutional zoning.

    View details

    Spencer, VA Automotive Properties Market Trends and Statistics

    Explore 2 automotive properties for sale in Spencer, VA on our real estate platform. These investment opportunities span a total of 4,230 square feet of properties for sale, with an estimated market value of $5,000,000.

    Sale prices for automotive businesses in Spencer, VA average $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Gas stations 2

    Demographics Overview

    Population 1,633
    Population Growth (5Y) +21.0%
    Median Household Income $62,206
    College Educated 8.5%

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24165 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 0.60%
    Property Tax per SF $1.23 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Henry County

    New Delisted

    Total CRE Inventory on Market (SF)

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