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    Spencer, VA
    Retail

    Spencer, VA Retail Properties & Spaces for Sale

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    Mixed-Use Property with Showroom
    Updated: Jun 11
    Mixed-Use Property with Showroom

    43 Old Well Rd, Spencer, VA 24165

    $2,500,000
    2,115 sqft 1.02 AC lot
    1.016‑acre mixed‑use property with 2,115 square feet of commercial building area
    Convenience store with in‑store café area and existing gas station infrastructure; fuel is not currently sold
    Three apartments: one 3BR/1BA unit and two 1BR/1BA units
    Separate brick home with 2BR/1BA, enclosed porch, and private driveway
    Highway‑front showroom and sales lot on Rt. 58
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    Mixed-Use Commercial Property
    Updated: Jul 6
    Mixed-Use Commercial Property

    43 Old Well Rd, Spencer, VA 24165

    $2,500,000
    2,115 sqft
    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
    Separate brick home with 2BD/1BA, enclosed porch, and its own private driveway
    One well and two septic systems servicing the property
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    Mixed-Use Property with Billboard
    Mixed-Use Property with Billboard

    21912 A L Philpott Highway, Spencer, VA 24165

    Contact for pricing
    1,532 sqft 1.50 AC lot

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

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Spencer, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Vacant Convenience Store
    Vacant Convenience Store

    2150 Oak Level Rd, Stanleytown, VA 24168

    $150,000
    2,364 sqft 0.29 AC lot

    Vacant retail building with existing restroom facilities and renovation needs.

    View details
    Martinsville, VA Gas Station Business
    Martinsville, VA Gas Station Business

    870 Preston Rd, Martinsville, VA 24112

    $800,000
    4,000 sqft

    Prime Real Estate & High-Cash-Flow Business in Martinsville, VA

    View details
    Established Shopping Center
    Established Shopping Center

    2646 Greensboro Road, Martinsville, VA 24112

    $3,750,000

    Retail property built in 1987 and offered for sale.

    View details
    Freestanding Bank Building
    Freestanding Bank Building

    1460 Fairystone Park Highway, Stanleytown, VA 24168

    Contact for pricing
    2,728 sqft

    Former bank facility with drive-through service, furnished offices, a vault, and dedicated parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Near Retail
    Commercial Land Near Retail

    Virginia Avenue, Martinsville, VA 24112

    $675,000
    8.75 AC lot

    The parcel is recently staked off and sits beside Friedrichs Eye Center.

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    Prime Commercial Land For Sale
    Prime Commercial Land For Sale

    000 Virginia Avenue, Martinsville, VA 24112

    $675,000

    Commercial land for shopping center between Collinsville & Martinsville.

    View details
    Commercial Land Near Retail Anchor
    Commercial Land Near Retail Anchor

    342 Morehead Avenue, Ridgeway, VA 24148

    $188,000
    2.68 AC lot

    Commercial land along Morehead Avenue with potential for several small-business uses.

    View details
    Land For Sale, Stuart, VA
    Land For Sale, Stuart, VA

    22132 Jeb Stuart Hwy, Stuart, VA 24171

    $85,000
    1.80 AC lot

    1.8 acre commercial land with road frontage on Rt. 58.

    View details

    Spencer, VA Retail Properties & Spaces Market Trends and Statistics

    Explore 3 retail properties & spaces for sale in Spencer, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,762 square feet of properties for sale, with an estimated market value of $5,000,000.

    Sale prices for stores in Spencer, VA average $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Automotive properties 4
    Gas stations 3
    Grocery and convenience stores 3
    Showrooms 2
    Auto shops 1

    Demographics Overview

    Population 1,633
    Population Growth (5Y) +21.0%
    Median Household Income $62,206
    College Educated 8.5%

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24165 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 0.60%
    Property Tax per SF $1.23 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Henry County

    New Delisted

    Total CRE Inventory on Market (SF)

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