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114 W Jackson Street
Gate City VA 24251 US

$1,500,000

Active Listing ID 9992805
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Lot: 0.34 Acres
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Other

$1,500,000

Active Listing ID 9992805
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114 W Jackson Street 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 building has brand new electric power including panels and meter, all brand new plumbing including water from the meter, new sewer line to Street, brand new air conditioning, facade restoration, brand new windows in rear of building and recently replaced front windows, seven brand new bathrooms, turnkey restaurant with liquor license covering 6, 000 square feet, all restorations done within the last 2 years, 2200 ft owners apartment with three bedrooms and two baths, all restaurant equipment is 1 year old, instant hot water for entire building with electric backup tank. Owner is willing to sell a partial ownership with the idea of converting top two floors to a boutique hotel or Airbnb. Part of 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.

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Property Features

  • Facts
  • Lot Size: 0.34 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Heat Pump
  • Roof Type: Rolled Hot Mop
  • Heating Fuels: Heat Pump (Heating)

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1500000
  • unparsedaddress: 114 W Jackson Street
  • postalcity: Gate City
  • stateorprovince: VA
  • country: US
  • postalcode: 24251
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.34
  • lotsizeunits: Acres
  • lotsizearea: 0.34
  • livingarea: 24345
  • livingareaunits: Square Feet
  • latitude: 36.639067
  • longitude: -82.579717
  • listagentfullname: Billy Vermillion
  • listagentemail: dvermillion@greaterimpactrealty.com
  • listagentkey: 3yd-TVARMLS-33819
  • listagentmlsid: 33819
  • listagentpreferredphone: 4232185900
  • listagentofficephone: 4232185900
  • listofficekey: 3yd-TVARMLS-1308
  • listagentstatelicense: 366377
  • listofficemlsid: 1308
  • disclaimer: Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TVARMLS
  • yearbuilt: 1906
  • listingcontractdate: 2026-03-24
  • countyorparish: Scott
  • parcelnumber: 146a7 A 223
  • cooling: Heat Pump
  • constructionmaterials: Brick, Stone Veneer
  • heating: Heat Pump (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 10
  • roof: Rolled Hot Mop
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.57972, 36.63907
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Greater Impact Realty Kingsport", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"dvermillion@greaterimpactrealty.com", "ListBrokerageCity":"Kingsport", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Greater Impact Realty Kingsport", "ListBrokeragePhone":"(423) 530-7185", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":"Suite 107", "ListBrokerageUnparsedAddress":"1309 South John B Dennis Highway", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"223 E Center St ", "ListOfficeAddress2":"Suite 107", "ListOfficeBrokerMlsId":"1308", "ListOfficeCity":"Kingsport", "ListOfficeCountry":"USA", "ListOfficeEmail":"admin@greaterimpactrealty.com", "ListOfficePostalCode":"37660", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Gate City, VA", "ListingURL":null, "MLSModificationTimestamp":"2026-03-25 19:11:37", "Neighborhoods":[{"Description":null, "Name":"Not In Subdivision"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1514, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/25/2026 7:22:04 PM GMT
Source Updated Date: 3/26/2026 12:59:44 PM GMT

Courtesy of: Billy Vermillion, Greater Impact Realty Kingsport, dvermillion@greaterimpactrealty.com

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.