USAVAGate CityNot in Subdivision114 W Jackson St

114 W Jackson St, Gate City, VA

Name: 114 W Jackson St, For Sale in Gate City - eXp Realty
Brand: Greater Impact Realty Kingsport
SKU: 9992805
Price: 1500000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,500,000

0010

MLS® 9992805

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 24345 sqft

Garage

Taxes

Days Active 30

Lot Size

Approx. Age 1906

Avg. Price Per Sqft $61

MLS® Number 9992805

Property Address: 114 W Jackson St, Gate City, VA, 24251-2929

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number9992805

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1906

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 25, 2026List Date

$1,500,000List Price

Commute

Commute

Starting Address

Destination Address

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