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112 Douglas Drive, Damascus, VA 24236 - $364,900

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Other MLS Number: 9992149
Living Area: 0 Lot Acreage: 0 Year Built: 1934
Elementary School: Rhea Valley Middle School: Damascus High School: Holston
Property Description
Position your next venture in the heart of beloved downtown Damascus! This spacious commercial building offers over 5,400 square feet of opportunity on 0.34 acres spanning two commercial lots, giving you the flexibility to bring a wide range of business or investment ideas to life! With a high traffic count and prime in-town location, visibility and accessibility are on your side. This property provides the space, location, and land to think outside the box! Imagine creating the ultimate live-and-work space, where your commute is simply a walk downstairs! If you are looking to start or expand an investment portfolio, the upper level also presents an excellent opportunity to restore the existing apartments for short-term vacation rentals, long-term tenants, or additional office space. Located within walking distance to the Appalachian Trail, the Virginia Creeper Trail, and downtown Damascus--this property is well suited for anyone who loves the outdoors! Damascus is currently a hive of activity with the extensive Virginia Creeper Trail restoration project; hundreds of millions of dollars have been designated to rebuild the well-known trail and improve the surrounding national forest proving that Damascus has a bright future! With its generous footprint, mixed-use potential, and a location in one of Southwest Virginia's most beloved small towns, this property is ready for your vision. Bring your ideas and unlock the possibilities in downtown Damascus! (Photos included of the Virginia Creeper Trail prior to reconstruction, nearby Grayson Highlands State Park, and Appalachian Trail showcase the abundant natural beauty in the surrounding area!)
Listing Status
Active
  • More Listing Info
    AC:None11true
    AC:See Remarks11true
    Contract Info:ForeclosureNo
    Easements:See Remarks18true
    Exterior Finish:Block5true
    Exterior Finish:Metal Sidingtrue
    Exterior Finish:Vinyl Sidingtrue
    General Property Description:Acres0.34
    General Property Description:Elementary School3Rhea Valley
    General Property Description:High School3Holston
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensions0.34
    General Property Description:Middle School2Damascus
    General Property Description:Total Units2
    General Property Description:Zoning2C-2
    Heating:None7true
    Heating:See Remarks10true
    Location Tax Legal Info:City Taxes764.98
    Location Tax Legal Info:County Taxes715.09
    Location Tax Legal Info:Deed Book #2019
    Location Tax Legal Info:Deed Page #300
    Location Tax Legal Info:Lot #1 & 1A
    Property Condition:Below Averagetrue
    Property Condition:Fixertrue
    Remarks Misc:Directions3From I-81, Take Exit 19 onto US-58 toward Damascus. Travel 10 miles and bear left onto W Laurel Ave. In 0.5 Miles, bear right onto Douglas Drive. Property on left in 90 feet.
    Remarks Misc:Public Remarks7Position your next venture in the heart of beloved downtown Damascus! This spacious commercial building offers over 5,400 square feet of opportunity on 0.34 acres spanning two commercial lots, giving you the flexibility to bring a wide range of business or investment ideas to life! With a high traffic count and prime in-town location, visibility and accessibility are on your side. This property provides the space, location, and land to think outside the box! Imagine creating the ultimate live-and-work space, where your commute is simply a walk downstairs! If you are looking to start or expand an investment portfolio, the upper level also presents an excellent opportunity to restore the existing apartments for short-term vacation rentals, long-term tenants, or additional office space. Located within walking distance to the Appalachian Trail, the Virginia Creeper Trail, and downtown Damascus--this property is well suited for anyone who loves the outdoors! Damascus is currently a hive of activity with the extensive Virginia Creeper Trail restoration project; hundreds of millions of dollars have been designated to rebuild the well-known trail and improve the surrounding national forest proving that Damascus has a bright future! With its generous footprint, mixed-use potential, and a location in one of Southwest Virginia's most beloved small towns, this property is ready for your vision. Bring your ideas and unlock the possibilities in downtown Damascus! (Photos included of the Virginia Creeper Trail prior to reconstruction, nearby Grayson Highlands State Park, and Appalachian Trail showcase the abundant natural beauty in the surrounding area!)
    Sewer:Public Sewertrue
    Structure Type:Mixed Usetrue
    Style:Other53true
    TopographyLot Description:Level2true
    Unit 1:SqFt62460
    Unit 2:SqFt52940
    Walls:Drywalltrue
    Walls:Other24true
    Walls:Panelingtrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Holston Realty, Inc.
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