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    Damascus, VA
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    Damascus, VA Multifamily Properties for Sale

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    Laurel Bloomery, TN Meadowview, VA Abingdon, VA Chilhowie, VA Mountain City, TN Shady Valley, TN Creston, NC Troutdale, VA
    Turn-Key Restaurant and Rental Units
    Updated: Jan 16
    Turn-Key Restaurant and Rental Units

    409 Fritz St, Damascus, VA 24236

    $750,000
    3,370 sqft
    Operating restaurant business for 35+ years in the heart of Damascus, VA, with an updated full commercial kitchen
    Includes a full bar with indoor seating for 38 and outdoor seating for up to 100, plus an outdoor deck for live entertainment
    Separate ice cream shop building at the front of the property with a walk‑up storefront window and indoor ordering
    Ice cream shop features large windows, pastel colors, chalkboard art, vintage signs, and a gift shop
    Three furnished short‑term rental units included, providing an additional income stream
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Damascus, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Quadplex Apartment Building with Deck
    Quadplex Apartment Building with Deck

    31157 Princeton Avenue, Meadowview, VA 24361

    $499,900
    1,988 sqft 0.47 AC lot

    Remodeled four-unit quadplex with in-unit mini splits, a laundry center, and public water and sewer.

    View details
    Triplex Singlewide Mobile Homes with Decks
    Triplex Singlewide Mobile Homes with Decks

    28497 Kenwood Dr, Meadowview, VA 24361

    $209,900
    0.38 AC lot

    Triplex on R2 zoning with three occupied singlewide homes, newer interior finishes, and both open and covered decks.

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    Six-Pad RV Park with Full Hookups
    Six-Pad RV Park with Full Hookups

    177 Hospital Road, Mountain City, TN 37683

    $109,900
    0.50 AC lot

    Little Pond Mountain Campground offers full hook-ups, fire pits, and an improved asphalt and gravel parking layout for RVs.

    View details
    Mobile Home & RV Park Investment
    Mobile Home & RV Park Investment

    3455 Hwy 91 N, Mountain City, TN 37683

    Contact for pricing

    Mobile home park with multiple rental spaces, transferable mobile homes, and three working wells per seller.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Abingdon, VA Building Lot
    Abingdon, VA Building Lot

    1.77 AC Twin Oaks Rd lot: 2, Abingdon, VA 24211

    $54,900
    1.77 AC lot

    1.77-acre building lot near South Holston Lake.

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    Abingdon Land Near South Holston
    Abingdon Land Near South Holston

    1.80 AC Twin Oaks Rd lot: 1, Abingdon, VA 24211

    $54,900
    1.80 AC lot

    1.8-acre building lot near amenities and South Holston Lake.

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    Warrensville Land with River Frontage
    Warrensville Land with River Frontage

    Ed Little Road, Warrensville, NC 28693

    $75,000
    11.17 AC lot

    11+ acre property with river frontage and mountain views.

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    Unrestricted Land with River Frontage
    Unrestricted Land with River Frontage

    no # Edna Perry Road, Crumpler, NC 28617

    $250,000
    20.67 AC lot

    20+ acres of unrestricted land with New River frontage.

    View details

    Damascus, VA Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Damascus, VA on our real estate platform. These investment opportunities span a total of 3,370 square feet of properties for sale, with an estimated market value of $750,000.

    Sale prices for multifamily properties in Damascus, VA average $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 1

    Demographics Overview

    Population 3,023
    Population Growth (5Y) -4.1%
    Median Household Income $33,846
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Damascus submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24236 $750K

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washington County

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