Old Well Rd - Service Station FOR SALE


Spencer, VA 24165
$2,500,000 USD
816-420-6293
Old Well Rd, Spencer, VA for Sale
$2,500,000 USD
Service Station - FOR SALE
1/10
null | Request Cap Rate

Old Well Rd
Spencer, VA 24165


HIGHLIGHTS

  • High-traffic Rt. 58 location
  • Gas station setup (not currently selling fuel)
  • Two 10,000-gallon fuel tanks
  • Convenience store with cafe area
  • Three apartments
  • Showroom and sales lot

OVERVIEW

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. Listing ID: 45048-005230

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,182 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Versatile Commercial Property - Mixed Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jeb BrantnerUnited Country Real EstateMore Info
816-420-6293

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Jeb BrantnerUnited Country Real EstateMore Info
816-420-6293

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