Automotive

Spencer, VA Automotive Properties for Sale

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Stoneville, NC Martinsville, VA Sandy Ridge, NC Stuart, VA Critz, VA Fieldale, VA Patrick Springs, VA Mayodan, NC
Mixed-Use Property with Showroom
Updated: Jun 11
Mixed-Use Property with Showroom

43 Old Well Rd, Spencer, VA 24165

$2,500,000
2,115 sqft 1.02 AC lot
1.016‑acre mixed‑use property with 2,115 square feet of commercial building area
Convenience store with in‑store café area and existing gas station infrastructure; fuel is not currently sold
Three apartments: one 3BR/1BA unit and two 1BR/1BA units
Separate brick home with 2BR/1BA, enclosed porch, and private driveway
Highway‑front showroom and sales lot on Rt. 58
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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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Mixed-Use Property with Billboard
Mixed-Use Property with Billboard

21912 A L Philpott Highway, Spencer, VA 24165

Contact for pricing
1,532 sqft 1.50 AC lot

B1-zoned site with a month-to-month tenant and annual billboard lease.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 3 Active listings in Spencer, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

Martinsville, VA Gas Station Business
Martinsville, VA Gas Station Business

870 Preston Rd, Martinsville, VA 24112

$800,000
4,000 sqft

Prime Real Estate & High-Cash-Flow Business in Martinsville, VA

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Two-Level Auto Shop
Two-Level Auto Shop

1925 Old Chatham Rd, Martinsville, VA 24112

$225,000
3,260 sqft 1.14 AC lot

Established automotive facility with lifts, service doors, storage, customer areas, and a fenced outdoor lot.

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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.

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Established Car Wash on Highway
Established Car Wash on Highway

207 W Stadium Drive, Eden, NC 27288

$320,000

Self-serve car wash on 0.60 acres in high-traffic area.

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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.

Commercial Land Near Retail Anchor
Commercial Land Near Retail Anchor

342 Morehead Avenue, Ridgeway, VA 24148

$188,000
2.68 AC lot

Commercial land along Morehead Avenue with potential for several small-business uses.

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Spencer, VA Automotive Properties Market Trends and Statistics

Explore 3 automotive properties for sale in Spencer, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,762 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 3
Auto shops 1

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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