Property Description

Listing Status

• 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
  Videos:	(none)
  Virtual Tours:	(none)

Listing Courtesy: