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Adj. to 39 Log Manor Rd - $1 Auction – 1.41 AC | Dollar General adj. 1.41 Acres of Commercial Land Offered at $75,000 in Spencer, VA 24165
Investment Highlights
- ABSOLUTE $1 AUCTION | 1.41 Acre Parcel | Dollar General Adjacent | 6K VPD | Martinsville, VA Area | AUCTION SEPTEMBER 22-24
- 6,827 VPD Highway Traffic Counts with Frontage on US-58
- Zoned B-1, General Commercial District with a Variety of Permitted Uses
- ±1.41 Acres of Land adjacent to Dollar General in Spencer, Virginia
- Attractive Demographics with ±$62,876 Annual Household Income and ±36,633 Individuals (10-miles)
- Absolute $1 Auction - NO RESERVE
Executive Summary
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.
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.
Property Facts
| Price | $75,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 1.41 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $75,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.41 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $75,000 | Lot Size | 1.41 AC |
| Price Per AC | $53,191.49 |
| Price | $75,000 |
| Price Per AC | $53,191.49 |
| Lot Size | 1.41 AC |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 182270002 | Improvements Assessment | $0 |
| Land Assessment | $28,200 | Total Assessment | $28,200 |
Property Taxes
Parcel Number
182270002
Land Assessment
$28,200
Improvements Assessment
$0
Total Assessment
$28,200
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Adj. to 39 Log Manor Rd - $1 Auction – 1.41 AC | Dollar General adj.
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