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33704531
33704532

Old Well Road, Spencer, VA 24165

United Country Lambert Realty
United Country Real Estate
Listed by United Country Lambert Realty, United Country Real Estate
$2,500,000
10 days on market
Updated 10 days ago

Versatile Commercial Property in Spencer, VA

Details
Property Type Retail, Mixed Use
Sub Type Gas Station, Convenience Store
Square Footage 2,115
Year Built 1950
Acreage 1.060
Investment Type Owner/User
Ground Lease No

Multiple income streams and outstanding business potential!

Marketing description

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 café 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 café 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.

Investment highlights

  • High-traffic Rt. 58 location with excellent visibility
  • Gas station setup (currently not selling fuel)
  • Two 10,000-gallon fuel tanks recently re-certified
  • Convenience store with café area
  • Three apartments: one 3BR/1BA and two 1BR/1BA units
  • Separate brick home with 2BR/1BA, enclosed porch, and private driveway
  • One well and two septic systems
  • Highway-front showroom and sales lot
  • Multiple income-producing opportunities
  • Ideal for owner-operators, investors, or redevelopment

Listing Contacts

United Country Lambert Realty
United Country Real Estate
Listed by United Country Lambert Realty, United Country Real Estate

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