Hostel with Sleeping
New
For Sale
$375,000
605 East 5th St, Damascus, VA 24236
An operating lodging business accommodates as many as 22 guests and includes furnishings, fixtures, and equipment.
Property Size1,200 SF
Price / SF$312.50
Days on Market2
Property Features for 605 East 5th St
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Amenities
privacy fencing
covered outdoor deck
kitchenette
28 solar panels
laundry facilities
Building Details
Year Built
2011
Listing Agency:
RE/MAX Preferred
Listed By:
The Freck Group, Shad Freck, Stephanie M
(423) 429-5214
Source:
Livinginjohnsoncity
Added: Sep 26
Last Checked: Sep 26 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Preferred
Investment Insights
Based on property information with market context.
The 1,200-square-foot hostel was built in 2011 and offers lodging for up to 22 guests. Sleeping arrangements comprise 10 XL twin cubicles and 12 full-size cubicles. The property also has a kitchenette, laundry facilities with two full-size stackable machines, a covered outdoor deck, privacy fencing, and 28 solar panels. Furnishings, fixtures, and equipment are included in the sale. The business is licensed and has an established website.
Located in downtown Damascus, the hostel is along the Appalachian Trail, which runs through town. The Virginia Creeper Trail is within walking distance. The upper trail segment between Damascus and Whitetop is scheduled to reopen in spring 2027.
Located in downtown Damascus, the hostel is along the Appalachian Trail, which runs through town. The Virginia Creeper Trail is within walking distance. The upper trail segment between Damascus and Whitetop is scheduled to reopen in spring 2027.
Key Highlights
- Accommodates up to 22 guests in 10 XL twin and 12 full‑size sleeping cubicles
- 1,200‑square‑foot lodging property built in 2011
- Includes 28 solar panels, a covered outdoor deck, and privacy fencing
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
198
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?
Hotel - An operating lodging business accommodates as many as 22 guests and includes furnishings, fixtures, and equipment.
Where is this hotel located?
The property is located at 605 East 5th St 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‑foot lodging property built in 2011; Includes 28 solar panels, a covered outdoor deck, and privacy fencing
