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138 West West Jackson Street, Gate City, VA 24251 - $149,900

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sale Sub Type: MLS Number: 9988481
Living Area: 3,396 Lot Acreage: 0 Year Built: 1906
Elementary School: Middle School: High School:
Property Description
High-potential mixed-use property in downtown Gate City. 138 features a gutted storefront on the main level with exposed brick and tall ceilings, ready for a custom commercial build-out tailored to retail, restaurant, studio, or office needs. The second floor includes two finished apartments—one a two-bedroom, one-bath unit and the other a one-bedroom, one-bath unit—both offering immediate rental income. Each apartment has private rear access leading to a backyard and rear parking area, creating desirable separation and convenience for tenants. With two income-producing residential units already in place and a main-level commercial space ready for redevelopment, this property offers strong cash flow potential and excellent long-term appreciation in a prime courthouse-area location. Can be bought alone, or with 132 West Jackson Street. All information deemed reliable but not guaranteed.
Listing Status
Active
  • More Listing Info
    AC:Ceiling Fan(s)true
    AC:Heat Pump3true
    AC:Window Unit(s)true
    Business Type:Other33true
    Business Type:ProfessionalOfficetrue
    Business Type:Restauranttrue
    Business Type:Retail2true
    Contract Info:ForeclosureNo
    Development Status:Cleared2true
    Easements:None12true
    Electric Service:220 Voltstrue
    Exterior Finish:Brick4true
    General Property Description:# Parking Spaces0.0
    General Property Description:# Restrooms45
    General Property Description:Acres0.0
    General Property Description:Annual Lease0.0
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size253x175
    General Property Description:Road Frontage Length53
    General Property Description:Total SqFt Finished3396.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2Commercial
    Heating:Baseboardtrue
    Heating:Fireplace(s)true
    Heating:Heat Pump2true
    Info Available:Deed Restrictionstrue
    Location Tax Legal Info:City Taxes352.77
    Location Tax Legal Info:County Taxes823.13
    Location Tax Legal Info:Deed Book #622
    Location Tax Legal Info:Deed Page #1628
    Other Equipment:Cable TV2true
    Other Equipment:Display Windowtrue
    Other Equipment:Exterior Lightstrue
    Other Equipment:Inside Storagetrue
    Other Equipment:Smoke Detector(s)2true
    Property Condition:Above Averagetrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3Downtown Gate City on W Jackson St. to 132 on the right.
    Remarks Misc:Public Remarks7High-potential mixed-use property in downtown Gate City. 138 features a gutted storefront on the main level with exposed brick and tall ceilings, ready for a custom commercial build-out tailored to retail, restaurant, studio, or office needs. The second floor includes two finished apartments—one a two-bedroom, one-bath unit and the other a one-bedroom, one-bath unit—both offering immediate rental income. Each apartment has private rear access leading to a backyard and rear parking area, creating desirable separation and convenience for tenants. With two income-producing residential units already in place and a main-level commercial space ready for redevelopment, this property offers strong cash flow potential and excellent long-term appreciation in a prime courthouse-area location. Can be bought alone, or with 132 West Jackson Street. All information deemed reliable but not guaranteed.
    Restrictions:Deedtrue
    Road Access:City Streettrue
    Road Access:Highwaytrue
    Road Access:Township Roadtrue
    Roof:Metal3true
    Sale Includes:Business Onlytrue
    Sewer:Public Sewertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Century 21 Legacy
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