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43 Old Well Rd, Spencer, VA, 24165
Highway-Front Fuel, Retail & Rentals

43 Old Well Rd Spencer, VA 24165

For Sale
$2,500,000

COMMERCIAL - Spencer, VA

Property Size2,115 SF
Lot Size1.02 Acres
Price / SF$1,182
Days on Market47

Property Features for 43 Old Well Rd

General Information

Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Rooms
Bathroom 1
Standard status
Active
Size
2,115 SF
Lot size
1.02 Acres

Building Details

Year built
1950
Listing Agency: United Country-Lambert Realty
Listed By: Johnny Lambert
Added: Jun 11 Changed: Jun 29 Last Checked: Jul 27 at 4:06AM
MLS# 150275

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This mixed-use property includes a gas station setup (currently not selling fuel) alongside a convenience store with an in-store café area. It also features highway-front showroom space with an associated sales lot, suitable for automotive or equipment-related sales and display uses.

The property is located at 43 Old Well Rd in Spencer, Virginia, with high-visibility frontage on Rt. 58.

Residential income is provided by three apartments: one 3-bedroom, 1-bath unit and two additional 1-bedroom, 1-bath rental apartments. In addition, a separate brick home on the property offers 2 bedrooms, 1 bath, an enclosed porch, and its own private driveway.

Key Highlights

  • High‑visibility commercial property on Rt. 58 with highway‑front showroom and sales lot
  • Includes former gas station setup and convenience store with in‑store caf area (currently not selling fuel)
  • Mixed residential income: one 3BR/1BA owner‑occupied apartment plus two 1BR/1BA rental apartments

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Gas stations

Suggested Use

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

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

FAQs

What type of property is this?
Gas station - Mixed-use property with a non-selling gas station, convenience store with café area, and multiple residential rental units.
Where is this gas station located?
The property is located at 43 Old Well Rd 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 commercial property on Rt. 58 with highway‑front showroom and sales lot; Includes former gas station setup and convenience store with in‑store caf area (currently not selling fuel); Mixed residential income: one 3BR/1BA owner‑occupied apartment plus two 1BR/1BA rental apartments
More about this property
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