About This Home
This 0-bedroom, 1-bathroom commercial at 43 Old Well Rd in Spencer, VA is listed for $2,500,000 ($1,182 per sqft). Built in 1950, the home offers 2,115 sqft of living space on a 1.02 acres lot.
Key Features
- Built in 1950
- 1.02 acre lot
Property Details
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.
Monthly Cost Estimate
$13,371/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
43 Old Well Rd
Spencer, VA 24165
Questions & Answers
This 0-bedroom, 1-bathroom commercial at 43 Old Well Rd is listed at $2,500,000 ($1,182/sqft). The estimated monthly payment is $13,370 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 1.02 acre lot.
This property is listed by Johnny Lambert and can be reached at 2769525502.