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    21915 Al Philpott Hwy Spencer, VA 24165

    For Sale
    $2,500,000

    Commercial - Spencer, VA

    Lot size:
    1.00 Acre
    Days on Market:
    124
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 21915 Al Philpott Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    Lot size
    1.00 Acre

    Building Details

    Year built
    1950
    Floors in Building
    2
    Architectural style
    Other

    Vaughn Real Estate (276) 656-3999

    Listing agent Daniel Franklin (276) 656-3999

    Listing date Aug 4, 2025

    MLS# 145162 Listing URL

    Copyright © 2025 Martinsville, Henry, Patrick Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property on Highway

    This mixed-use property is located on A L Philpott Hwy (US-58). The site features a gas station and convenience store with a canopy. There is also a highway-front showroom/lot suitable for auto or equipment sales. The property includes three fully leased apartments that generate residential income, along with a separate two-bedroom rental house with its own driveway. Public water and sewer services are available. Generous paved parking is provided, and the property offers easy access to and from the highway. The lot size is 1 acre. The property's multiple revenue streams make it attractive for an owner-operator or an investor seeking diversified cash flow.
    Location Intelligence

    Current Use by Public Records

    DAYTONA Gas Station LibertyX Bitcoin ATM Atm Best Mart Grocery Store

    Suggested Use

    Restaurant Spa & Massage Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Convenience Store Bed & Breakfast Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Henry
    State
    Virginia
    Longitude
    -80.020904
    Latitude
    36.6169793

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      18309 Al Philpott Hwy, Spencer, VA 24165
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    FAQs

    What type of property is this?
    Gas station - High-visibility property with multiple income streams in Spencer, VA.
    Where is this gas station located?
    The property is located at 21915 Al Philpott Hwy Spencer, VA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - High-visibility location on A L Philpott Hwy; - Multiple revenue streams from gas station/convenience store, showroom/lot, and residential rentals; - Fully leased apartments providing steady residential income
    (276) 656-3999
    Request Owner's contact information
    21915 Al Philpott Hwy Spencer, VA 24165
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21915 Al Philpott Hwy Spencer, VA 24165
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