# 21912 A L Philpott Hwy, Spencer, VA 24165 > **TL;DR:** 0bd/1ba commercial, $150,000 ($98/sqft), 1,532 sqft. Est. $802/mo. Listed 231 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $150,000 | | Price/sqft | $98 | | Bathrooms | 1 | | Square Feet | 1,532 | | Lot Size | 69,696 sqft (1.60 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 231 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $758 | | Estimated Insurance | $44 | | **Total** | **$802** | ## Property Highlights - 1.60 acre lot - 2 stories ## Description ### Agent Description Income Producing US-58 Commercial Property - Tenant + Billboard Revenue (~8% Gross Return) Affordable commercial investment opportunity with existing income and strong highway visibility. Located along A.L. Philpott Highway (US-58) in Spencer, Virginia. This property offers excellent road frontage and steady traffic exposure in a well-traveled corridor of Henry County. The property is currently leased to a tenant on a month-to-month basis. In addition to the building tenant, the property also features a billboard that is leased annually to a local church, creating an additional source of income. Combined income from the tenant and billboard is estimated at approximately $12,000 annually, representing an estimated ~8% gross return at the current list price, with potential upside through future lease adjustments or expanded use. This 1 1/2 acre site has historically operated as an automotive and tire service location and is well suited for automotive service, contractor operations, equipment sales, small retail, or other service-based businesses. Strong highway visibility and easy access make this location attractive for a variety of commercial uses. Conveniently located with access to Martinsville, Bassett, and surrounding communities, This property presents an excellent opportunity to acquire a commercial asset with immediate income, visibility, and long-term flexibility. Income: ~$12,000/year Gross Return: ~8% Tenant: Month-to-month Additional Income: Billboard lease ## Location - **Address:** 21912 A L Philpott Hwy, Spencer, VA 24165 - **County:** Henry County ## Virtual Tour & Media - **Video Tour:** tour.usamls.net/21912-A-L-Philpott-Hwy-Spencer-VA-24165/unbranded ## Listing Agent - **Name:** Rives Coleman - **Brokerage:** Rives S. Brown - **Broker Phone:** (276) 632-3463 - **Listing URL:** [View original listing](http://www.usamls.net/martinsville/default.asp?content=expanded&mls_number=149928) ## Photos ![21912 A L Philpott Hwy - Photo 1](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f812173464r.jpg) ![21912 A L Philpott Hwy - Photo 2](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f3167728146r.jpg) ![21912 A L Philpott Hwy - Photo 3](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f2521096450r.jpg) ![21912 A L Philpott Hwy - Photo 4](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f1134425928r.jpg) ![21912 A L Philpott Hwy - Photo 5](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f94674749r.jpg) ![21912 A L Philpott Hwy - Photo 6](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f844395379r.jpg) ![21912 A L Philpott Hwy - Photo 7](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f2974583554r.jpg) ![21912 A L Philpott Hwy - Photo 8](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f1621213138r.jpg) ![21912 A L Philpott Hwy - Photo 9](http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f4057336789r.jpg) --- **MLS#:** 149928 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4#listing", "url": "https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4", "name": "21912 A L Philpott Hwy, Spencer, VA 24165", "description": "Income Producing US-58 Commercial Property - Tenant + Billboard Revenue (~8% Gross Return) Affordable commercial investment opportunity with existing income and strong highway visibility. Located along A.L. Philpott Highway (US-58) in Spencer, Virginia. This property offers excellent road frontage and steady traffic exposure in a well-traveled corridor of Henry County. The property is currently leased to a tenant on a month-to-month basis. In addition to the building tenant, the property also features a billboard that is leased annually to a local church, creating an additional source of income. Combined income from the tenant and billboard is estimated at approximately $12,000 annually, representing an estimated ~8% gross return at the current list price, with potential upside through future lease adjustments or expanded use. This 1 1/2 acre site has historically operated as an automotive and tire service location and is well suited for automotive service, contractor operations, equipment sales, small retail, or other service-based businesses. Strong highway visibility and easy access make this location attractive for a variety of commercial uses. Conveniently located with access to Martinsville, Bassett, and surrounding communities, This property presents an excellent opportunity to acquire a commercial asset with immediate income, visibility, and long-term flexibility. Income: ~$12,000/year Gross Return: ~8% Tenant: Month-to-month Additional Income: Billboard lease", "image": [ "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f812173464r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f3167728146r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f2521096450r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f1134425928r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f94674749r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f844395379r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f2974583554r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f1621213138r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f4057336789r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f812173464r.jpg", "caption": "21912 A L Philpott Hwy - Spencer, VA" }, "datePosted": "2026-03-16", "dateModified": "2026-10-20T19:23:29.960Z", "mainEntity": { "@type": "Place", "@id": "https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4#property", "name": "21912 A L Philpott Hwy, Spencer, VA 24165", "address": { "@type": "PostalAddress", "streetAddress": "21912 A L Philpott Hwy", "addressLocality": "Spencer", "addressRegion": "VA", "postalCode": "24165", "addressCountry": "US" }, "image": [ "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f812173464r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f3167728146r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f2521096450r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f1134425928r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f94674749r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f844395379r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f2974583554r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f1621213138r.jpg", "http://lh.rdcpix.com/de12a15e41e84c86912c2ae4f53919f7l-f4057336789r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "149928" }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "1.60 acres" }, { "@type": "PropertyValue", "name": "Stories", "value": 2 }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Other" }, { "@type": "PropertyValue", "name": "Property Type", "value": "Commercial" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4#offer", "url": "https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4", "price": 150000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4#agent", "name": "Rives Coleman", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/21912-a-l-philpott-hwy-spencer-va-24165-0f220ab1fea045d088b75d8c8f89c4d4#brokerage", "name": "Rives S. Brown", "telephone": "(276) 632-3463", "logo": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/6fe201013dec11ea9ed10242ac110006k-c310829871r.png" } } } } ```