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    Spencer, VA
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    Spencer, VA Retail Properties & Spaces for Sale

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    Stoneville, NC Martinsville, VA Mayodan, NC Sandy Ridge, NC Patrick Springs, VA Fieldale, VA Stuart, VA Bassett, VA
    Highway-Front Fuel, Retail & Rentals
    Updated: Jun 11
    Highway-Front Fuel, Retail & Rentals

    43 Old Well Rd, Spencer, VA 24165

    $2,500,000
    2,115 sqft 1.02 AC lot
    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
    Separate brick home on‑site with 2BR/1BA, enclosed porch, and private driveway
    Year built: 1950
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    Former Family Dollar Store Available
    Updated: May 16, 2025
    Former Family Dollar Store Available

    18309 A L Philpott Hwy, Spencer, VA

    $975,000
    8,000 sqft 2.30 AC lot
    High traffic highway location
    8,000 square foot building, formerly a Family Dollar store
    Located near Martinsville VA
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

    Commercial Investment Opportunity in Collinsville
    Commercial Investment Opportunity in Collinsville

    5145 Kings Mountain Rd, Collinsville, VA 24078

    $429,000
    1,876 sqft 0.81 AC lot

    Prime commercial location with steady income and future potential.

    View details
    Collinsville CVS Investment Opportunity
    Collinsville CVS Investment Opportunity

    400 Riverside Dr, Collinsville, VA

    $2,290,000
    13,049 sqft 1.80 AC lot

    NNN leased CVS with 15 years remaining in Collinsville.

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    Former Ambulance Building For Sale
    Former Ambulance Building For Sale

    827 Starling Ave, Martinsville, VA 24112

    Contact for pricing
    4,888 sqft

    4888 sq ft commercial building with parking.

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    Prime Commercial Land in Martinsville
    Prime Commercial Land in Martinsville

    205 V C Drive, Martinsville, VA 24112

    Contact for pricing

    Located in the heart of Henry County, near major thoroughfare.

    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 Development Land
    Commercial Development Land

    Virginia Avenue, Martinsville, VA 24112

    $675,000
    8.75 AC lot

    8.75-acre commercial parcel beside Friedrichs Eye Center, recently staked, with access along Virginia Avenue in Martinsville.

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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
    Ridgeway, VA Land For Sale
    Ridgeway, VA Land For Sale

    342 Morehead Avenue, Ridgeway, VA 24148

    $188,000
    2.68 AC lot

    2.68 acres on Morehead Ave in Ridgeway, VA.

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    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 2 retail properties & spaces for sale in Spencer, VA on our real estate platform. These investment opportunities span a total of 10,115 square feet of properties for sale, with an estimated market value of $3,475,000.

    Sale prices for stores in Spencer, VA start at $975,000, averaging $1,737,500, and reaching up to $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 1
    Gas stations 1
    Grocery and convenience stores 1
    Showrooms 1
    Storefront properties 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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