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    Damascus, VA
    Residential Income

    Damascus, VA Residential Income 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.

    Recreational Agri-Hospitality Property
    Recreational Agri-Hospitality Property

    21560 Alvarado Road, Abingdon, VA 24211

    $1,495,000
    2,160 sqft 45.31 AC lot

    Tract features Virginia Creeper Trail and South Fork Holston River frontage, plus remodeled doublewide and improved historic farmhouse.

    View details
    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.

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    Agricultural Land with Barns and Stream
    Agricultural Land with Barns and Stream

    25453 Lee Highway, Abingdon, VA 24211

    $1,200,000
    36.33 AC lot

    Gently rolling farmland with a small stream, partial fencing, barns and sheds, plus two as-is homes for income or development.

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    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.

    Level Lot Near Holston High
    Level Lot Near Holston High

    Monroe Rd lot: 1, Damascus, VA 24236

    Contact for pricing
    0.39 AC lot

    Level building lot near Holston High School in Damascus, VA.

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    Scenic Land in Laurel Bloomery
    Scenic Land in Laurel Bloomery

    Highway 91, Laurel Bloomery, TN 37680

    $182,000
    10.70 AC lot

    10+ acre property with mountain views and development potential.

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    Prime Land on Jeb Stuart
    Prime Land on Jeb Stuart

    2.15AC Jeb Stuart Hwy lot: 0, Abingdon, VA 24211

    $249,000
    2.15 AC lot

    2.15 acres with high visibility and development potential.

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    2.15 Acres on Jeb Stuart Highway
    2.15 Acres on Jeb Stuart Highway

    2.15ac Jeb Stuart Highway, Abingdon, VA 24210

    $249,000
    2.15 AC lot

    Exceptional development opportunity between Abingdon and Damascus.

    View details

    Damascus, VA Residential Income Properties Market Trends and Statistics

    Explore 1 residential income 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 residential income 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

    Multifamily properties 1
    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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