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Blue Ridge Properties Listing
132 &138 West West Jackson Street, Gate City, VA 24251 (MLS #9988484)
Basic Information:
Bedrooms: 0
Full Bathrooms: 0
Half Bathrooms: 0
Type: Commercial Sale
Sub Type:
MLS Number: 9988484
Lot Acreage: 0.21000
Living Area: 7,600
Year Built:1906
Elementary School:
Middle School:
High School:
Public Remarks: Exceptional mixed-use investment package in the heart of historic downtown Gate City. Together, 132 and 138 offer multiple income streams, value-add potential, and excellent visibility just steps from the courthouse. 132 features a fully finished and immediately leasable storefront on the main level, ideal for retail, office, or professional services. The upper level has been completely gutted and is ready for renovation, offering outstanding flexibility for an investor to create an additional apartment, expanded commercial space, studio, or storage area. This level also includes private rear access to a backyard and rear parking area. 138 offers even more opportunity with a gutted main-level storefront showcasing exposed brick and tall ceilings, ready for a custom commercial build-out. The second floor includes two finished apartments—one two-bedroom, one-bath unit and one one-bedroom, one-bath unit—both of which are income-producing and have private rear access to the backyard and parking area. With three potential or existing residential units, two commercial storefronts, multiple private entrances, and room for redevelopment and expansion, this package provides immediate revenue with significant long-term upside. Properties in this location rarely come available together, making this a unique opportunity to own a substantial portion of downtown Gate City's commercial corridor. All information deemed reliable but not guaranteed.
Listing Courtesy:Century 21 Legacy
More Listing Info:
AC:Ceiling Fan(s): true
AC:Heat Pump3: true
AC:Window Unit(s): true
Business Type:Other33: true
Business Type:ProfessionalOffice: true
Business Type:Restaurant: true
Business Type:Retail2: true
Contract Info:Foreclosure: No
Development Status:Cleared2: true
Easements:None12: true
Electric Service:220 Volts: true
Exterior Finish:Brick4: true
General Property Description:# Parking Spaces: 0.0
General Property Description:# Restrooms: 45
General Property Description:Acres: 0.21
General Property Description:Annual Lease: 0.0
General Property Description:HOA YN: No
General Property Description:Lease: No
General Property Description:Lot Size2: 53x175
General Property Description:Road Frontage Length: 53
General Property Description:Total SqFt Finished: 7600.0
General Property Description:Total SqFt Unfinished: 0.0
General Property Description:Zoning2: Commercial
Heating:Baseboard: true
Heating:Fireplace(s): true
Heating:Heat Pump2: true
Info Available:Deed Restrictions: true
Location Tax Legal Info:City Taxes: 408.87
Location Tax Legal Info:County Taxes: 991.2
Location Tax Legal Info:Deed Book #: 308
Location Tax Legal Info:Deed Page #: 388
Other Equipment:Cable TV2: true
Other Equipment:Display Window: true
Other Equipment:Exterior Lights: true
Other Equipment:Inside Storage: true
Other Equipment:Smoke Detector(s)2: true
Property Condition:Below Average: true
Remarks Misc:Directions3: Downtown Gate City on W Jackson St. to 132 on the right.
Remarks Misc:Public Remarks7: Exceptional mixed-use investment package in the heart of historic downtown Gate City. Together, 132 and 138 offer multiple income streams, value-add potential, and excellent visibility just steps from the courthouse. 132 features a fully finished and immediately leasable storefront on the main level, ideal for retail, office, or professional services. The upper level has been completely gutted and is ready for renovation, offering outstanding flexibility for an investor to create an additional apartment, expanded commercial space, studio, or storage area. This level also includes private rear access to a backyard and rear parking area. 138 offers even more opportunity with a gutted main-level storefront showcasing exposed brick and tall ceilings, ready for a custom commercial build-out. The second floor includes two finished apartments—one two-bedroom, one-bath unit and one one-bedroom, one-bath unit—both of which are income-producing and have private rear access to the backyard and parking area. With three potential or existing residential units, two commercial storefronts, multiple private entrances, and room for redevelopment and expansion, this package provides immediate revenue with significant long-term upside. Properties in this location rarely come available together, making this a unique opportunity to own a substantial portion of downtown Gate City's commercial corridor. All information deemed reliable but not guaranteed.
Restrictions:Deed: true
Road Access:City Street: true
Road Access:Highway: true
Road Access:Township Road: true
Roof:Metal3: true
Sale Includes:Business Only: true
Sewer:Public Sewer: true
Water:Public: true
