Landmark Gate City Mixed-Use
114 W Jackson Street, Gate City, VA 24251
COMMERCIAL - Gate City, VA
Property size:
24,345 SFLot size:
0.34 AcresPrice / SF:
$61/SF- Added:
- Mar 24, 2026
- Days on Market:
- 53
- Last Refresh:
- May 15 at 5:06 am
Property Features for 114 W Jackson Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Parking
- 10
- 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
Building Details
- Year built
- 1906
- Building materials
- Brick, Stone Veneer
- Roof type
- Rolled Hot Mop
Listing agent Billy Vermillion License #366377 (423) 218-5900
Listing office Greater Impact Realty Kingsport 223 E Center St, Kingsport, VA (423) 530-7185
Listing date Mar 24, 2026
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.
HighLights
- Landmark 24,000+ sq. ft. building with unlimited potential in historic Gate City.
- Turnkey restaurant with a liquor license covering 6,000 square feet and all equipment only 1 year old.
- Substantial recent renovations including new electrical, plumbing, sewer line, air conditioning, facade restoration, windows, and seven bathrooms.
- Includes a 2,200 sq. ft. owner's apartment with three bedrooms and two baths.
- Unique entertainment and hospitality spaces including a concert stage, dance floor, lounge, vendor booths, and a model race car track.
- Unfinished second‑floor space offers opportunity for customization into office space or additional apartments with mountain views.
Overview
This landmark property, a 24,000+ sq. ft. building, is one of the largest and most prominent structures in historic Gate City. Spanning three levels, this property offers 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 its own refreshment bar. The building has new electric power, plumbing, a new sewer line, new air conditioning, facade restoration, new windows in the rear and recently replaced front windows, and seven new bathrooms. The turnkey restaurant has a liquor license covering 6,000 square feet. Restorations were completed within the last 2 years. There is a 2200 sq ft owners apartment with three bedrooms and two baths. All restaurant equipment is 1 year old, and there is instant hot water for the entire building 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 and ready for office space or additional apartments. Newly installed large 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. The building provides the space and location for a mixed-use destination, a boutique entertainment venue, or loft residences.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Wynne Bldg
Home Decor Store
Stanley Valley woodworking ...
General Contractor
Scott County Industrial ...
Business Service Center
Location Insight
- Map
- Local Demand
- City
- Gate City
- County
- Scott
- State
- Virginia
- Longitude
- -82.579717
- Latitude
- 36.639067
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Large, historic Gate City building with mixed-use potential.
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 $1,500,000.
What are key features of this property?
This property features: Landmark 24,000+ sq. ft. building with unlimited potential in historic Gate City.; Turnkey restaurant with a liquor license covering 6,000 square feet and all equipment only 1 year old.; Substantial recent renovations including new electrical, plumbing, sewer line, air conditioning, facade restoration, windows, and seven bathrooms.
