Building Details

Year Built 1950

Buildings 1

Stories 1

Units 10

Tenancy Single

Listing Agency: Rives S. Brown r***@rivessbrown.com Show Phone

Listed By: Rives Coleman · License #V 0225041050

Source: Crexi

Added: Apr 29 Changed: Aug 29 Last Checked: Aug 29 at 9:04PM

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Investment Insights

Based on property information with market context.

This mixed-use commercial property includes a building constructed in 1950 on a 1 1/2-acre site. The property has historically operated as an automotive and tire service location and is currently occupied by a month-to-month tenant. A billboard on the site is leased annually to a local church, providing a separate revenue component.

The property fronts A.L. Philpott Highway, identified as US-58, in Spencer, Virginia, with access to Martinsville, Bassett, and surrounding Henry County communities. B1 zoning supports the property's commercial classification. Its established automotive-service history and highway-oriented setting provide a foundation for continued service, retail, contractor, or equipment-related use, subject to applicable approvals.

Key Highlights

• 1 1/2‑acre commercial site along A.L. Philpott Highway (US‑58)
• B1 zoning supports commercial use
• Building constructed in 1950

Property Analytics

Property Profile

Current Use

Mitch's Tires and More Auto Repair Shop

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Auto Repair Shop Hair Salon Nail Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 24165, VA

1,655

Population

731

Households

2.3

Avg Household Size

49

Median Age

8%

College-Educated

85%

High-School Grad

40.8 sq mi

ZIP Area

41

Density / Sq Mi

$62,206

Median Household Income

$36,533

Median Earnings

$1,091

Median Rent

$150,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

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

Where is this mixed-use property located?

The property is located at 21912 A L Philpott Highway Spencer, VA.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: 1 1/2‑acre commercial site along A.L. Philpott Highway (US‑58); B1 zoning supports commercial use; Building constructed in 1950