114 W Jackson Street, Gate City, VA 24251

This landmark property, one of the largest and most prominent structures in historic Gate City, offers over 24,000 square feet across three levels, presenting unlimited potential for commercial, residential, or mixed-use ventures. The main and lower levels feature entertainment and hospitality spaces, including a fully equipped restaurant and bar, a concert stage and dance floor, a lounge area, vendor booths, and a model race car track with a refreshment bar. The building includes new electric power, panels, and meter; new plumbing and water meter; a new sewer line; new air conditioning; facade restoration; new windows in the rear and recently replaced front windows; and seven new bathrooms. A turnkey restaurant with a liquor license covers 6,000 square feet. Restorations have been completed within the last 2 years. There is a 2,200 square foot owner's apartment with three bedrooms and two baths. All restaurant equipment is 1 year old, and the building has instant hot water with an electric backup tank. The owner is willing to sell a partial ownership with the idea of converting the top two floors to a boutique hotel or Airbnb. Part of the second floor is unfinished, suitable for office space or additional apartments. Large, newly installed windows offer views of the surrounding mountains and the Gate City gap. Updates include new electrical wiring, recessed lighting, and a new heat pump system. The property sits on a 0.34-acre lot and is zoned Comm. The building provides the space and location for a mixed-use destination, entertainment venue, or loft residences.