$1,500,000
Gate City, VA 24251
MLS# 9992805
24345 sqft

1 / 69
Property 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 third floor is under construction, designed for up to six loft apartments that will showcase original exposed brick walls, offering rustic character and timeless charm. 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.
Details
Maps
Location, Tax & Legal Info
Lot #: 1,2
Parcel ID: 146a7 A 223
Complex/Ind Park: Town of Gate City Va
Deed Book #: 618
Deed Page #: 1396
City Taxes: 624
County Taxes: 1514
Contract Info
List Price/SqFt: 61.61
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 1500000
Current Price: $1,500,000
Listing Date: 2026-03-24
General Property Description
Road Frontage Length: 79
Acres: 0.34
Lease: No
Lot Size: 79 x 173
Zoning: Comm
HOA Y/N: No
Stories: 2
Total SqFt Finished: 24345
Total SqFt Unfinished: 0
# Parking Spaces: 10
# Restrooms: 2
Annual Lease $: 0
Year Built: 1906
Total SqFt: 24345
Remarks & Misc
Public Remarks: 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 third floor is under construction, designed for up to six loft apartments that will showcase original exposed brick walls, offering rustic character and timeless charm.
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.
Directions: Take US-23 to Gate City and turn onto Kane St., travel on Kane St. into town and the building is on the west side of Jackson St. which is the ''main street'' into downtown Gate City.
Property Condition
Above Average: 1
Business Type
Bar/Tavern/Lounge: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Exterior Finish
Brick: 1
Stone Veneer: 1
Other Equipment
Delivery Doors: 1
Dishwasher: 1
Display Window: 1
Handicap Access: 1
Range: 1
Refrigerator: 1
Roof
Rolled/Hot Mop: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Phase 3: 1
Development Status
Infrastructure In: 1
See Remarks: 1
Heating
Heat Pump: 1
Info Available
Building Plan: 1
Floor Plan: 1
Investment Analysis: 1
License Included: 1
Other: 1
See Remarks: 1
AC
Heat Pump: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Fiber Available: 1
Phone Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Existing Finance
None: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 114
St Direction: West
Street Name: West Jackson
St Suffix: Street
County: Scott
State/Province: VA
Zip Code: 24251
Area: 509 - Scott County
Subdivision: Not In Subdivision
Property Features
Property Condition: Above Average
Business Type: Bar/Tavern/Lounge; Professional/Office; Restaurant; Retail
Exterior Finish: Brick; Stone Veneer
Other Equipment: Delivery Doors; Dishwasher; Display Window; Handicap Access; Range; Refrigerator
Roof: Rolled/Hot Mop
Electric Service: 220 Volts; Phase 3
Development Status: Infrastructure In; See Remarks
Heating: Heat Pump
AC: Heat Pump
Utilities: Cable Connected; Electricity Connected; Fiber Available; Phone Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Building Plan; Floor Plan; Investment Analysis; License Included; Other; See Remarks
Restrictions: See Remarks
Easements: None
Financing: Cash; Conventional
Existing Finance: None
Sale Includes: Fee Simple
Listing Office: Greater Impact Realty Kingsport
Last Updated: March - 25 - 2026
Information deemed reliable but not guaranteed.