$364,900
112 Douglas Drive
Damascus, VA 24236
MLS# 9992149
5400 sqft


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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!)

Details
Maps
Location, Tax & Legal Info
Lot #: 1 & 1A
Parcel ID: 172b2 4 1
Deed Book #: 2019
Deed Page #: 300
City Taxes: 764.98
County Taxes: 715.09
Contract Info
List Price/SqFt: 67.57
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 364900
Current Price: $364,900
Listing Date: 2026-03-10
General Property Description
Lot Dimensions: 0.34
Acres: 0.34
Zoning: C-2
Elementary School: Rhea Valley
Middle School: Damascus
Total Units: 2
High School: Holston
HOA Y/N: No
Property Sub-Type: Other
Year Built: 1934
Total SqFt: 5400
Remarks & Misc
Public Remarks: 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!)
Directions: From 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.
Property Condition
Below Average: 1
Fixer: 1
Exterior Finish
Block: 1
Metal Siding: 1
Vinyl Siding: 1
Unit 1
SqFt: 2460
Unit 2
SqFt: 2940
Style
Other: 1
Heating
None: 1
See Remarks: 1
AC
None: 1
See Remarks: 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Level: 1
Easements
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Existing Finance
None: 1
Walls
Drywall: 1
Paneling: 1
Other: 1
Structure Type
Mixed Use: 1
Location Tax Legal Info
Street #: 112
Street Name: Douglas
St Suffix: Drive
County: Washington
State/Province: VA
Zip Code: 24236
Subdivision: Not In Subdivision
Property Features
Property Condition: Below Average; Fixer
Style: Other
Exterior Finish: Block; Metal Siding; Vinyl Siding
Heating: None; See Remarks
Water: Public
Sewer: Public Sewer
AC: None; See Remarks
Structure Type: Mixed Use
Walls: Drywall; Paneling; Other
Easements: See Remarks
Financing: Cash; Conventional
Existing Finance: None

Listing Office: Holston Realty, Inc.

Last Updated: March - 10 - 2026

Information deemed reliable but not guaranteed.


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