21912 A L Philpott Hwy, Spencer, VA 24165
21912 A L Philpott Hwy, Spencer, VA 24165
21912 A L Philpott Hwy, Spencer, VA 24165
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Tiffany R. Millner

Tiffany R. Millner

+1(336) 888-9161
Listed by Rives S. Brown REALTOR
$150,000
Est. payment /mo
1 Bath
1,532 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,532 sqft

Price per Sqft $97

Subdivision Spencer

MLS Listing ID 149928

Lot Size 1.600 Acres

Property Sub-Type Commercial

Property Description

Income Producing US-58 Commercial Property – Tenant + Billboard Revenue (~8% Gross Return) Affordable commercial investment opportunity with existing income and strong highway visibility. Located along A.L. Philpott Highway (US-58) in Spencer, Virginia. This property offers excellent road frontage and steady traffic exposure in a well-traveled corridor of Henry County. The property is currently leased to a tenant on a month-to-month basis. In addition to the building tenant, the property also features a billboard that is leased annually to a local church, creating an additional source of income. Combined income from the tenant and billboard is estimated at approximately $12,000 annually, representing an estimated ~8% gross return at the current list price, with potential upside through future lease adjustments or expanded use. This 1 1/2 acre site has historically operated as an automotive and tire service location and is well suited for automotive service, contractor operations, equipment sales, small retail, or other service-based businesses. Strong highway visibility and easy access make this location attractive for a variety of commercial uses. Conveniently located with access to Martinsville, Bassett, and surrounding communities, This property presents an excellent opportunity to acquire a commercial asset with immediate income, visibility, and long-term flexibility. Income: ~$12,000/year Gross Return: ~8% Tenant: Month-to-month Additional Income: Billboard lease

Location

State VA

County Henry County

Area Henry County

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Heat Pump

Cooling Central-Electric

Flooring Concrete

Fireplaces Type Electric

Exterior

Parking Features Paved Asphalt Drive

Garage Spaces 10.0

Utilities Available Utilities On

Roof Type Composition

Building

Story 2

Sewer Septic Tank

Water Well

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Tiffany R. Millner

Tiffany R. Millner

+1(336) 888-9161

NC Broker/REALTOR/VA Salesperson License ID: NC 351224, VA 0225273225

NC Broker/REALTOR/VA Salesperson License ID: NC 351224, VA 0225273225

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