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    Damascus, VA Multifamily Properties for Sale

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    Laurel Bloomery, TN Meadowview, VA Abingdon, VA
    Turn-Key Restaurant and Rental Units
    $750,000
    3,370 SF
    Turn-Key Restaurant and Rental Units

    409 Fritz St, Damascus, VA 24236

    Restaurant with full bar, separate ice cream shop, and three furnished short-term rentals for an operator-ready setup.
    • 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
    Updated: Jan 16
    View details
    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.

    Remodeled Multifamily Near Emory & Henry
    $499,900
    1,988 SF
    Remodeled Multifamily Near Emory & Henry

    Four-unit apartment building near Emory & Henry University.

    31157 Princeton Avenue, Meadowview, VA 24361

    View details
    Triplex with Updated Singlewide Homes
    $219,900
    0.38 Acres
    Triplex with Updated Singlewide Homes

    Three occupied, rented singlewide homes with newer interior and exterior updates, plus decks and a storage building.

    28497 Kenwood Dr, Meadowview, VA 24361

    View details
    RV Park Investment Opportunity
    $129,900
    0.50 Acres
    RV Park Investment Opportunity

    Income-producing RV park with expansion potential in Mountain City.

    177 Hospital Road, Mountain City, TN 37683

    View details
    Income-Producing RV Park Opportunity
    $129,900
    0.50 Acres
    Income-Producing RV Park Opportunity

    Half-acre RV park with expansion potential in Mountain City.

    177 Hospital Road, Mountain City, TN 37683

    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
    $54,900
    1.77 Acres
    Abingdon, VA Building Lot

    1.77-acre building lot near South Holston Lake.

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

    View details
    Abingdon Land Near South Holston
    $54,900
    1.80 Acres
    Abingdon Land Near South Holston

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

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

    View details
    Lakefront Land with Development Potential
    $1,240,000
    30.80 Acres
    Lakefront Land with Development Potential

    30.8-acre lakefront property with development potential on South Holston Lake.

    6144 Us Hwy 421, Bristol, TN 37620

    View details
    Warrensville Land with River Frontage
    $75,000
    11.17 Acres
    Warrensville Land with River Frontage

    11+ acre property with river frontage and mountain views.

    Ed Little Road, Warrensville, NC 28693

    View details

    Damascus, VA Multifamily Properties Investment Opportunities Market Analysis

    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 start at $750,000, averaging $750,000, and reaching up to $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%

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

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