Hostel with Solar
New
For Sale
$375,000
605 E 5th Street, Damascus, VA 24236
Multi Family, Damascus, VA
Property Size1,200 SF
Lot Size0.08 Acres
Price / SF$312.50
Days on Market3
Property Features for 605 E 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-2
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1, Bathroom 4
Appliances
Dryer, Microwave, Refrigerator, Washer
Subdivision
Not In Subdivision
Elementary school
Rhea Valley
Middle school
Damascus
High school
Holston
Directions
From I-81, take Exit 19 onto US-58 towards Damascus. In 10 miles, bear right onto W. Laurel Ave. In 0.5 Miles, bear right onto Douglas Drive. Stone Lion Hostel one Left in 800 Feet.
Standard status
Active
APN
172b2 A 181
Size
1,200 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
331
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Window Unit(s), Heat Pump
Water source
Public
Amenities
privacy fencing
covered outdoor deck
laundry facilities
kitchenette
solar panels
Building Details
Year built
2011
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Holston Realty, Inc.
(423) 793-8109
Listed By:
Cynthia Routon · License #0225243322
(615) 574-0773
Added: Sep 24
Last Checked: Sep 26 at 8:06AM
MLS# 10001332
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,200-square-foot hostel occupies a 0.08-acre parcel and was built in 2011. Its sleeping areas accommodate up to 22 guests, with XL twin and full-size cubicles. On-site features include a kitchenette, laundry equipment, a covered deck, privacy fencing, and 28 solar panels. Furnishings, fixtures, and equipment are included in the sale. The property has C-2 zoning and public water and sewer service.
Located in downtown Damascus, the hostel sits along the Appalachian Trail, with the Virginia Creeper Trail within walking distance. Other outdoor destinations identified nearby include the Iron Mountain Trail, Mount Rogers National Recreation Area, Grayson Highlands, Whitetop Mountain, Backbone Rock, and Cherokee National Forest.
Located in downtown Damascus, the hostel sits along the Appalachian Trail, with the Virginia Creeper Trail within walking distance. Other outdoor destinations identified nearby include the Iron Mountain Trail, Mount Rogers National Recreation Area, Grayson Highlands, Whitetop Mountain, Backbone Rock, and Cherokee National Forest.
Key Highlights
- Accommodates up to 22 guests in 10 XL twin and 12 full‑size sleeping cubicles
- 1,200 square feet on a 0.08‑acre parcel; built in 2011
- 28 solar panels, covered outdoor deck, privacy fencing, kitchenette, and laundry facilities
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 24236, VA
2,984
Population
1,716
Households
1.7
Avg Household Size
49
Median Age
19%
College-Educated
81%
High-School Grad
59.9 sq mi
ZIP Area
50
Density / Sq Mi
$33,846
Median Household Income
$29,981
Median Earnings
$728
Median Rent
$139,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hospitality property - Guest accommodations include sleeping cubicles, laundry facilities, and a kitchenette.
Where is this hospitality property located?
The property is located at 605 E 5th Street Damascus, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Accommodates up to 22 guests in 10 XL twin and 12 full‑size sleeping cubicles; 1,200 square feet on a 0.08‑acre parcel; built in 2011; 28 solar panels, covered outdoor deck, privacy fencing, kitchenette, and laundry facilities
