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Spencer, VA

Spencer, VA Commercial Real Estate 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

Mayo River Waterfront Land

Updated: Nov 11, 2025

Mayo River Waterfront Land

960 Riverview Road, Spencer, VA 24165

$374,900

10.25 AC lot

Approximately 350+/- feet of Mayo River frontage
A1 zoning
Cabin and bathhouse currently used for short‑term rentals
Large barn, additional structures, trails, and Hipcamp sites
Camping areas with power plus well/water supply

Mixed-Use Commercial Property

Mixed-Use Commercial Property

43 Old Well Rd, Spencer, VA 24165

$2,500,000

2,115 sqft

Mixed-use property on Rt. 58 with a convenience store and cafe area, gas station infrastructure, residential units, and a brick home.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

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.

B-1 Commercial Land Parcel

B-1 Commercial Land Parcel

39 LOG MANOR RD, Spencer, VA 24165

Contact for pricing

B-1 zoning supports retail, service, restaurant, and other commercial uses.

Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 5 Active listings in Spencer, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 33 Off-Market properties to explore as potential leads

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

Development-Ready Agricultural Land

Development-Ready Agricultural Land

17007 A L Philpott Hwy, Martinsville, VA 24112

$290,000

35.34 AC lot

Development-ready agricultural tract with public water meter, current perc test, and approved septic design, plus a partially graveled driveway.

Storefront with Storage Area

Storefront with Storage Area

767 Dillons Fork Rd, Fieldale, VA 24089

$48,000

640 sqft 0.35 AC lot

Small commercial storefront with dedicated lower-level storage and SR zoning.

Fieldale, VA Land Parcel

Fieldale, VA Land Parcel

Lauren Mill Dr, Fieldale, VA 24089

Contact for pricing

0.50 AC lot

A-1 zoned land parcel close to local amenities.

Off-Market Properties in Spencer, VA

Consider similar Off-Market properties in Spencer, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

921 Old Wl Rd

COMMERCIAL (GENERAL)

921 Old Wl Rd, Spencer, VA 24165

Estimated value:

by Request

14 Pne Knl Rd

COMMERCIAL (GENERAL)

14 Pne Knl Rd, Spencer, VA 24165-3331

Estimated value:

$265,000

1.01 AC lot

95 Ridgecrest Ave

COMMERCIAL (GENERAL)

95 Ridgecrest Ave, Spencer, VA 24165

Estimated value:

$625,000

660 sqft

Virginia Ave

COMMERCIAL (GENERAL)

Virginia Ave, Spencer, VA 24165

Estimated value:

$275,000

0.14 AC lot

20985 A L Philpott Hwy

COMMERCIAL (GENERAL)

20985 A L Philpott Hwy, Spencer, VA 24165

Estimated value:

$270,000

13.99 AC lot

22642 Al Philpott Hwy

COMMERCIAL (GENERAL)

22642 Al Philpott Hwy, Spencer, VA 24165

Estimated value:

$210,000

1,296 sqft 9.25 AC lot

22485 Al Philpott Hwy

COMMERCIAL (GENERAL)

22485 Al Philpott Hwy, Spencer, VA 24165-3188

Estimated value:

$2,380,000

1,200 sqft 2.94 AC lot

21912 Al Philpott Hwy

COMMERCIAL (GENERAL)

21912 Al Philpott Hwy, Spencer, VA 24165

Estimated value:

$85,000

Jeb Stuart Hwy

COMMERCIAL (GENERAL)

Jeb Stuart Hwy, Spencer, VA 24165

Estimated value:

$295,000

11.65 AC lot

Stones Dairy Rd

COMMERCIAL (GENERAL)

Stones Dairy Rd, Spencer, VA 24165

Estimated value:

$275,000

0.91 AC lot

Rachel Ct

COMMERCIAL (GENERAL)

Rachel Ct, Spencer, VA 24165

Estimated value:

$275,000

0.50 AC lot

1100 Morehead Ave

COMMERCIAL (GENERAL)

1100 Morehead Ave, Spencer, VA 24165

Estimated value:

$290,000

3.82 AC lot

4317 Appalachian Dr

COMMERCIAL (GENERAL)

4317 Appalachian Dr, Spencer, VA 24165

Estimated value:

$140,000

23300 Al Philpott Hwy

COMMERCIAL (GENERAL)

23300 Al Philpott Hwy, Spencer, VA 24165-3220

Estimated value:

$270,000

3.93 AC lot

43 Old Wl Rd

COMMERCIAL (GENERAL)

43 Old Wl Rd, Spencer, VA 24165-3179

Estimated value:

$280,000

900 sqft 1.02 AC lot

30510 Jeb Stuart Hwy

COMMERCIAL (GENERAL)

30510 Jeb Stuart Hwy, Spencer, VA 24165-3585

Estimated value:

$265,000

0.74 AC lot

2160 Golf Crse Rd

COMMERCIAL (GENERAL)

2160 Golf Crse Rd, Spencer, VA 24165

Estimated value:

$310,000

79.15 AC lot

137 Coleman Ln

COMMERCIAL (GENERAL)

137 Coleman Ln, Spencer, VA 24165-3502

Estimated value:

$275,000

26.10 AC lot

Arrowhead Cir

COMMERCIAL (GENERAL)

Arrowhead Cir, Spencer, VA 24165

Estimated value:

$260,000

4.00 AC lot

Spencer, VA Commercial Real Estate Market Trends and Statistics

Explore 38 commercial real estate for sale in Spencer, VA, showcased through 5 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 $5,374,900.

Sale prices for business properties in Spencer, VA start at $374,900, averaging $1,791,633, and reaching up to $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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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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