Adj. to 39 Log Manor Rd - Commercial LAND FOR SALE


Spencer, VA 24165 61,420 SF
$75,000 USD
305-206-1286
Adj. to 39 Log Manor Rd, Spencer, VA for Sale
$75,000 USD
Commercial LAND - FOR SALE
1/9
61,420 SF

Adj. to 39 Log Manor Rd
Spencer, VA 24165


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | 1.41 Acre Parcel | Dollar General Adjacent | 6K VPD | Martinsville, VA Area | AUCTION SEPTEMBER 22-24
  • ±1.41 Acres of Land adjacent to Dollar General in Spencer, Virginia
  • 6,827 VPD Highway Traffic Counts with Frontage on US-58
  • Attractive Demographics with ±$62,876 Annual Household Income and ±36,633 Individuals (10-miles)
  • Zoned B-1, General Commercial District with a Variety of Permitted Uses
  • Absolute $1 Auction - NO RESERVE

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$75,000 USD

PRICE/ACRE

$53,191/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

$1 Auction – 1.41 AC | Dollar General adj.

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

1.41 AC

LAND SF

61,420 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

182270002

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.