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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.

150275 Active 1950 11 6/11/26
Price: $2,500,000
Address: 43 Old Well Rd
Location: Spencer, VA 24165
Bathroom: 1 Baths
Size: 2115 Square Feet
Lot: 1.016 Acres
Estimated Payment: $12,972 Per Month*
Based on a 30-year fixed rate of 6.75% with 20% down.
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© 2026 Martinsville MLS RETS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MVMLS. Real estate listings held by IDX Brokerage firms other than Rives S. Brown, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed.

Data last updated: Thursday, June 11, 2026. Listing courtesy of United Country-Lambert Realty.

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