Versatile Commercial Property in Spencer, VA
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
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