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Amber Warsy

amberwarsyrealtor@gmail.com +1(423) 794-6768

$ 1,500,000

Est. payment | -/mo

24,345 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

24,345 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 24,345 sqft

Price per Sqft $61

Subdivision Not In Subdivision

MLS Listing ID 9992805

HOA Y/N No

Total Fin. Sqft 24345

Year Built 1906

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 79 x 173

Source Tennessee/Virginia Regional MLS

Property Description

Step into a rare opportunity with this landmark property, a 24,000+ sq. ft. building that stands as one of the largest and most prominent structures in historic Gate City. Spanning three impressive levels, this property offers unlimited potential for commercial, residential, or mixed-use ventures. Currently, the main and lower levels feature an exciting blend of entertainment and hospitality spaces, including a fully equipped restaurant and bar, a concert stage and dance floor perfect for live events, a comfortable lounge area, several vendor booths for retail opportunities and a large model race car track complete with its own refreshment bar, a one-of-a-kind local attraction. The building has brand new electric power including panels and meter, all brand new plumbing including water from the meter, new sewer line to Street, brand new air conditioning, facade restoration, brand new windows in rear of building and recently replaced front windows, seven brand new bathrooms, turnkey restaurant with liquor license covering 6,000 square feet, all restorations done within the last 2 years, 2200 ft owners apartment with three bedrooms and two baths, all restaurant equipment is 1 year old, instant hot water for entire building with electric backup tank. Owner is willing to sell a partial ownership with the idea of converting top two floors to a boutique hotel or Airbnb. Part of the second floor is unfinished and ready for the new owner's vision of office space or additional apartments. Newly installed large windows flood the space with natural light while framing breathtaking views of the surrounding mountains and the storied Gate City gap, known as the historic ''Gateway to the West'' once traveled by Daniel Boone. Significant updates include all new electrical wiring brought up to code, new recessed lighting and a new heat pump system for efficient climate control. Whether you envision a vibrant mixed-use destination, a boutique entertainment venue, or luxury loft residences, this building provides the space and location to make it happen. Endless potential meets historic charm -- right in the heart of Gate City.

Location

State VA

County Scott

Community Not In Subdivision

Area 0.34

Zoning Comm

Direction Take US-23 to Gate City and turn onto Kane St., travel on Kane St. into town and the building is on the west side of Jackson St. which is the ''main street'' into downtown Gate City.

Interior

Heating Heat Pump

Cooling Heat Pump

Equipment Delivery Doors, Dishwasher, Display Window, Handicap Access, Range, Refrigerator

Heat Source Heat Pump

Exterior

Utilities Available Fiber Available, Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Rolled/Hot Mop

Road Frontage City Street

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Stone Veneer

New Construction No

Others

Senior Community No

Tax ID 146a7 A 223

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Billy Vermillion • Greater Impact Realty Kingsport

Amber Warsy

Agent | License ID: 383929

+1(423) 794-6768 | amberwarsyrealtor@gmail.com

114 West Jackson ST Gate City, VA 24251

Amber Warsy

Key Details

Location

Interior

Exterior

Building

Others

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114 West Jackson ST