43 Old Well Rd Spencer, VA $ 2,500,000
43 Old Well Rd
$ 2,500,000
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43 Old Well Rd

Spencer, VA, 24165
$ 2,500,000
Bedrooms-- Baths-- Sq 2,115

Monthly Estimate*

$ 15,393

43 Old Well Rd, Spencer, VA 24165 - Image 1
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43 Old Well Rd, Spencer, VA 24165 - Image 10

Commercial Property for sale in Spencer, VA

for $2,500,000. This 2,115 square foot building was built in 1950.

High-visibility commercial property with excellent frontage on Rt. 58, offering multiple income streams and outstanding business potential. This versatile mixed-use property includes a gas station, convenience store with caf area, residential rental units, a separate brick home, and highway-front showroom space ideal for automotive or equipment sales. The commercial building features a gas station setup (currently not selling fuel) with two 10,000-gallon fuel tanks. The tanks are required to be certified every three years and have recently been re-certified, providing added value and peace of mind for future operations. The property also includes a convenience store and in-store caf area, creating opportunities for retail, food service, or a combination of both. Residential improvements include three apartments: a spacious owner-occupied 3-bedroom, 1-bath apartment, plus two additional rental units, each offering 1 bedroom and 1 bath, providing consistent income potential. A separate brick home adds further value and flexibility, featuring 2 bedrooms, 1 bath, an enclosed porch, and its own private driveway. The property is serviced by one well and two septic systems. The highway-front showroom and sales lot provide exceptional visibility and exposure along Rt. 58, making the property ideal for auto sales, equipment sales, retail display, or other commercial ventures.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 1,075

Style

Year Built

1950

Town/City

Spencer

County/Region

Henry

MLS | Web ID

110601

Features
General
Sewer Septic Tank
Heating Heat Pump
Cooling Heat Pump
Utilities Electricity Connected
Possession Close Of Escrow
Roof Other
Zoning A-1
Construction Materials Brick Vinyl Siding Other
Year Built 1950
Property Subtype Commercial
Tax Year 2026
Current Use Convenience Store
Gross Income 0
County Henry
Net Operating Income 0
New Construction N
Property Type Commercial Sale
HOA N
Attached Garage N
Garage Y/N N
Other Structures Additional Structures(None)
Status Active
Directions From Stuart VA take 58 West for 8 miles. Property is on the Right. Best Mart.
City Spencer
MLS Area Henry County
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1075
Home Warranty Y/N N
Property Condition Exterior Condition: Good Interior Condition: Good
Additional Parcels Y/N N
Structure Type Other-See Remarks
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Freehold IDX BBO
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Interior
Flooring Concrete Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Parking 10+ Spaces
Lot Features Located in County
Water Source Well
Total Parking 10
Spa N
Building Area Total 2115
Waterfront Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
United Country Lambert Realty

Broker

jlambert@swva.net

Email

Affordability Calculator

$15,483
Per Month
99%
1%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
$90
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1875416 Elementary School
1875515 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2026$2,500,000 Listed Price

Map


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43 Old Well Rd, Spencer, VA, 24165 is a Commercial Property for sale at $2,500,000 with 2,115 sqft. 43 Old Well Rd was built in 1950. The property's zip code is 24165 which is in Spencer, VA