$149,900
Gate City, VA 24251
MLS# 9988481
Status: Pending
3396 sqft
1 / 34
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.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 146a7 A 221
Deed Book #: 622
Deed Page #: 1628
City Taxes: 352.77
County Taxes: 823.13
Contract Info
List Price/SqFt: 44.14
Foreclosure: No
Short Sale: No
Auction: No
Status: Pending
Listing Price: 149900
Current Price: $149,900
Listing Date: 2025-11-19
General Property Description
Road Frontage Length: 53
Acres: 0
Lease: No
Lot Size: 53x175
Zoning: Commercial
HOA Y/N: No
Total SqFt Finished: 3396
Total SqFt Unfinished: 0
# Parking Spaces: 0
# Restrooms: 45
Annual Lease $: 0
Year Built: 1906
Total SqFt: 3396
Remarks & Misc
Public Remarks: 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.
Directions: Downtown Gate City on W Jackson St. to 132 on the right.
Property Condition
Above Average: 1
Average: 1
Business Type
Professional/Office: 1
Restaurant: 1
Retail: 1
Other: 1
Exterior Finish
Brick: 1
Other Equipment
Cable TV: 1
Display Window: 1
Exterior Lights: 1
Inside Storage: 1
Smoke Detector(s): 1
Roof
Metal: 1
Road Access
City Street: 1
Highway: 1
Township Road: 1
Electric Service
220 Volts: 1
Development Status
Cleared: 1
Heating
Baseboard: 1
Fireplace(s): 1
Heat Pump: 1
Info Available
Deed Restrictions: 1
AC
Ceiling Fan(s): 1
Heat Pump: 1
Window Unit(s): 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Deed: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Business Only: 1
Location Tax Legal Info
Street #: 138
St Direction: West
Street Name: West Jackson
St Suffix: Street
County: Scott
State/Province: VA
Zip Code: 24251
Area: 509 - Scott County
Status Change Info
Date Pending: 2026-01-24
Property Features
Property Condition: Above Average; Average
Business Type: Professional/Office; Restaurant; Retail; Other
Exterior Finish: Brick
Other Equipment: Cable TV; Display Window; Exterior Lights; Inside Storage; Smoke Detector(s)
Roof: Metal
Electric Service: 220 Volts
Development Status: Cleared
Heating: Baseboard; Fireplace(s); Heat Pump
AC: Ceiling Fan(s); Heat Pump; Window Unit(s)
Water: Public
Sewer: Public Sewer
Road Access: City Street; Highway; Township Road
Info Available: Deed Restrictions
Restrictions: Deed
Easements: None
Financing: Cash; Conventional
Sale Includes: Business Only
Listing Office: Century 21 Legacy
Last Updated: January - 24 - 2026
Information deemed reliable but not guaranteed.