Mixed-Use Commercial
For Sale
$2,500,000
43 Old Well Rd Spencer, Spencer, VA 24165
Mixed-use property on Rt. 58 with a convenience store and cafe area, gas station infrastructure, residential units, and a brick home.
Property Size2,115 SF
Price / SF$1,182
Days on Market57
Property Features for 43 Old Well Rd Spencer
General Information
Standard status
Active
Size
2,115 SF
Total Parking Spaces
10
Zoning
A-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,075
Amenities
Concrete,Vinyl
true
Square Feet
Located in County
Well
10
Parking 10+ Spaces
2115
Building Details
Year Built
1950
Listing Agency:
(540) 501-6123
Listed By:
Neal Witt
(540) 501-6123
Source:
Nexthomenrv
Added: Jul 6
Changed: Aug 23
Last Checked: Aug 30 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Neal Witt
Investment Insights
Based on property information with market context.
This versatile mixed-use property combines commercial and residential components in one high-visibility package. The offering includes a gas station setup that is currently not selling fuel, along with a convenience store and in-store cafe area. The site also includes three apartments: one spacious owner-occupied 3-bedroom, 1-bath unit and two additional 1-bedroom, 1-bath rental units. In addition, there is a separate brick home featuring 2 bedrooms, 1 bath, an enclosed porch, and its own private driveway.
A highway-front showroom space and sales lot are positioned along Rt. 58 for visible retail and display use, including automotive or equipment sales. The gas station portion includes two 10,000-gallon fuel tanks, which have recently been re-certified and require certification every three years.
Site services include one well and two septic systems.
A highway-front showroom space and sales lot are positioned along Rt. 58 for visible retail and display use, including automotive or equipment sales. The gas station portion includes two 10,000-gallon fuel tanks, which have recently been re-certified and require certification every three years.
Site services include one well and two septic systems.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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 Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property on Rt. 58 with a convenience store and cafe area, gas station infrastructure, residential units, and a brick home.
Where is this mixed-use property located?
The property is located at 43 Old Well Rd Spencer 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 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
