Restaurant and Entertainment Mixed-Use
For Sale
$1,450,000
114 W Jackson Street, Gate City, VA 24251
COMMERCIAL - Gate City, VA
Property Size24,345 SF
Lot Size0.34 Acres
Price / SF$59.56
Days on Market146
Property Features for 114 W Jackson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking
10
Subdivision
Not In Subdivision
Directions
Take US-23 to Gate City and turn onto Kane St., travel on Kane St. into town and the building is on the west side of Jackson St. which is the ''main street'' into downtown Gate City.
Standard status
Active
APN
146a7 A 223
Size
24,345 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
1514
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
concert stage
dance floor
lounge area
vendor booths
model race car track
refreshment bar
Building Details
Year built
1906
Building materials
Brick, Stone Veneer
Roof type
Rolled Hot Mop
Listing Agency:
Greater Impact Realty Kingsport
(423) 530-7185
Listed By:
Billy Vermillion · License #366377
(423) 218-5900
Added: Mar 24
Changed: Aug 4
Last Checked: Aug 16 at 7:06PM
MLS# 9992805
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.
Built in 1906, this three-level mixed-use building contains 24,345 square feet on a 0.34-acre site. The property includes a 6,000-square-foot restaurant with a bar, liquor license, and equipment that is 1 year old, along with a concert stage, dance floor, lounge, vendor booths, and model race car track with a refreshment bar. A 2,200-square-foot owners apartment provides three bedrooms and two baths. Part of the second floor remains unfinished for future office or apartment development.
Major building improvements completed within the last 2 years include new electrical wiring, panels and meter, plumbing, sewer connection, air conditioning, heat pump system, recessed lighting, windows, facade restoration, seven bathrooms, and instant hot water with an electric backup tank. The building is constructed with brick and stone veneer, served by public water and public sewer, and located at 114 W Jackson Street in Gate City, VA.
Major building improvements completed within the last 2 years include new electrical wiring, panels and meter, plumbing, sewer connection, air conditioning, heat pump system, recessed lighting, windows, facade restoration, seven bathrooms, and instant hot water with an electric backup tank. The building is constructed with brick and stone veneer, served by public water and public sewer, and located at 114 W Jackson Street in Gate City, VA.
Key Highlights
- 24,345‑square‑foot mixed‑use building on 0.34 acres at 114 W Jackson Street, Gate City, VA 24251
- 6,000‑square‑foot turnkey restaurant with liquor license and 1‑year‑old restaurant equipment
- 2,200‑square‑foot owners apartment with three bedrooms and two baths
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 24251, VA
8,405
Population
4,388
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
89%
High-School Grad
117.2 sq mi
ZIP Area
72
Density / Sq Mi
$44,990
Median Household Income
$41,875
Median Earnings
$643
Median Rent
$133,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level commercial building with restaurant, bar, live-event, and residential components.
Where is this mixed-use property located?
The property is located at 114 W Jackson Street Gate City, VA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 24,345‑square‑foot mixed‑use building on 0.34 acres at 114 W Jackson Street, Gate City, VA 24251; 6,000‑square‑foot turnkey restaurant with liquor license and 1‑year‑old restaurant equipment; 2,200‑square‑foot owners apartment with three bedrooms and two baths
