43 Old Well Rd, Spencer, VA 24165

Building Details

Year built

1950

Listing agent Johnny Lambert Show Phone

Listing office United Country-Lambert Realty PO Box 752 125 Jeb Stuart Highway, Stuart, VA Show Phone

Listing date Jun 11, 2026

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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.

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Overview

The property is a mixed-use commercial site that includes a former gas station setup (currently not selling fuel) along with a convenience store and an in-store caf area. It also features a highway-front showroom space with a sales lot for display and sales activity. In addition to the commercial building, there are three apartments: one spacious owner-occupied 3-bedroom, 1-bath unit and two additional 1-bedroom, 1-bath rental apartments. A separate brick home on the property adds further residential or rental flexibility, offering 2 bedrooms, 1 bath, an enclosed porch, and its own private driveway.

Located in Spencer, Virginia on Old Well Rd, the site provides high-visibility frontage on Rt. 58. The combination of retail/service frontage, a showroom geared toward sales, and on-site residences supports a self-contained live-work style arrangement.

For tenants, buyers, or operators seeking a property with both commercial and residential components, the layout offers multiple revenue streams in one location. The showroom and sales lot can fit automotive or equipment display and selling needs, while the on-site apartments and separate brick home can support rental income alongside a commercial operation.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Spencer

County

Henry

State

Virginia

Longitude

-80.0212772

Latitude

36.6168242

FAQs

What type of property is this?

Gas station - High-visibility Rt. 58 property combining a former gas station convenience store, caf area, showroom, and multiple apartments.

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