# 43 Old Well Rd, Spencer, VA 24165 > **TL;DR:** 0bd/1ba commercial, $1,900,000 ($898/sqft), built 1950, 2,115 sqft. Est. $10,161/mo. Listed 142 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,900,000 | | Price/sqft | $898 | | Bathrooms | 1 | | Square Feet | 2,115 | | Year Built | 1950 | | Lot Size | 44,257 sqft (1.02 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 142 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $9,607 | | Estimated Insurance | $554 | | **Total** | **$10,161** | ## Property Highlights - Built in 1950 - 1.02 acre lot ## Description ### Agent Description High-visibility commercial property with excellent frontage on Rt. 58, offering multiple income streams and outstanding business potential. This versatile property includes a gas station, convenience store with caf area, residential rental units, and highway-front showroom space ideal for automotive or equipment sales. The commercial building features a gas station setup (currently not selling fuel), a convenience store, and an in-store caf area. The property also includes three apartments: a spacious owner-occupied 3-bedroom, 1-bath apartment, plus two additional rental apartments, each offering 1 bedroom and 1 bath. A separate brick home on the property provides additional residential or rental income potential, featuring 2 bedrooms, 1 bath, an enclosed porch, and its own private driveway. The highway-front showroom and sales lot offer exceptional exposure and visibility, making it ideal for auto sales, equipment sales, retail display, or other commercial uses. Property Highlights: High-traffic Rt. 58 location with excellent visibility Former gas station with existing infrastructure Convenience store with caf area Three apartments: one 3BR/1BA and two 1BR/1BA units Separate brick home with 2BR/1BA, enclosed porch, and private driveway Highway-front showroom and sales lot Multiple income-producing opportunities Ideal for owner-operators, investors, or redevelopment. A unique mixed-use property offering commercial exposure, rental in a highly visible location. ## Location - **Address:** 43 Old Well Rd, Spencer, VA 24165 - **County:** Henry County ## Virtual Tour & Media - **Video Tour:** tour.usamls.net/43-Old-Well-Rd-Spencer-VA-24165/unbranded ## Listing Agent - **Name:** Johnny Lambert - **Brokerage:** United Country-Lambert Realty - **Broker Phone:** 2766942646 - **Listing URL:** [View original listing](http://www.usamls.net/martinsville/default.asp?content=expanded&mls_number=150275) ## Photos ![43 Old Well Rd - Photo 1](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f2775935363r.jpg) ![43 Old Well Rd - Photo 2](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f2581002468r.jpg) ![43 Old Well Rd - Photo 3](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f706698384r.jpg) ![43 Old Well Rd - Photo 4](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f3019844781r.jpg) ![43 Old Well Rd - Photo 5](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f4281620535r.jpg) ![43 Old Well Rd - Photo 6](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f21239645r.jpg) ![43 Old Well Rd - Photo 7](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f2922692895r.jpg) ![43 Old Well Rd - Photo 8](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f3327887525r.jpg) ![43 Old Well Rd - Photo 9](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f2977161299r.jpg) ![43 Old Well Rd - Photo 10](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f3230297685r.jpg) ![43 Old Well Rd - Photo 11](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f1180383743r.jpg) ![43 Old Well Rd - Photo 12](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f3499718561r.jpg) ![43 Old Well Rd - Photo 13](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f2827699434r.jpg) ![43 Old Well Rd - Photo 14](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f923023052r.jpg) ![43 Old Well Rd - Photo 15](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f464022458r.jpg) ![43 Old Well Rd - Photo 16](http://lh.rdcpix.com/d99996398723ad31b7c0412174b7a0a5l-f1622798180r.jpg) --- **MLS#:** 150275 | **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/43-old-well-rd-spencer-va-24165-222cf840405549a7b7ab1d0344ec3a8d) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/43-old-well-rd-spencer-va-24165-222cf840405549a7b7ab1d0344ec3a8d#listing", "url": "https://www.propertysimple.ai/listing/43-old-well-rd-spencer-va-24165-222cf840405549a7b7ab1d0344ec3a8d", "name": "43 Old Well Rd, Spencer, VA 24165", "description": "High-visibility commercial property with excellent frontage on Rt. 58, offering multiple income streams and outstanding business potential. This versatile property includes a gas station, convenience store with caf area, residential rental units, and highway-front showroom space ideal for automotive or equipment sales. The commercial building features a gas station setup (currently not selling fuel), a convenience store, and an in-store caf area. The property also includes three apartments: a spacious owner-occupied 3-bedroom, 1-bath apartment, plus two additional rental apartments, each offering 1 bedroom and 1 bath. A separate brick home on the property provides additional residential or rental income potential, featuring 2 bedrooms, 1 bath, an enclosed porch, and its own private driveway. The highway-front showroom and sales lot offer exceptional exposure and visibility, making it ideal for auto sales, equipment sales, retail display, or other commercial uses. 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