Marcus & Millichap is pleased to present a ±1.41-acre land parcel located adjacent to 39 Log Manor Road (the “Property”) in Spencer, Virginia. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!
The Property consists of a ±1.41-acre parcel situated adjacent to Dollar General on US-58 with traffic counts of ±6,827 vehicles per day (VPD). Nearby demand drivers include Blue Ridge Airport, Stuart Hill Bed and Breakfast, USPS, and more. Zoned B-1, General Commercial, the Property offers flexible zoning that accommodates a broad range of retail, service, restaurant, and commercial uses.
Spencer is a rural community in Henry County, southwest Virginia, near the North Carolina border and the larger Martinsville trade area. The area offers affordable land in a county with established infrastructure, regional employment, and access to the broader southern Virginia / northern North Carolina economy. The surrounding ±10-mile trade area is home to ±36,633 residents with an average household income (AHHI) of ±$62,876.