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605 East 5th Street

Damascus VA 24236
MLS #10001332 · Listing Courtesy of Holston Realty, Inc.
$375,000
Active
0.08
Acres
2011
Built
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Property Description
Exceptional opportunity to own a turnkey lodging business in the heart of downtown Damascus, directly along the Appalachian Trail. The Stone Lion Hostel is fully equipped and positioned to serve the steady stream of hikers, cyclists, outdoor enthusiasts, and budget-minded travelers drawn to this beloved trail town. Accommodating up to 22 guests, the hostel features 10 XL twin sleeping cubicles, 12 full-size sleeping cubicles, 4.5 baths and two full-size stackable laundry machines. Fixtures, furnishings and equipment are included, offering a streamlined transition for a new owner. Known as ''Trail Town USA,'' Damascus is a celebrated destination for outdoor recreation, with the Appalachian Trail passing directly through town and the Virginia Creeper Trail within walking distance of the Hostel. Guests also enjoy convenient access to the Iron Mountain Trail, Mount Rogers National Recreation Area, Grayson Highlands, Whitetop Mountain, Backbone Rock and Cherokee National Forest. Additionally, the Upper section of the Virginia Creeper Trail between Damascus and Whitetop is scheduled to reopen in the spring of 2027, creating renewed access to the popular 34-mile trail. The current owners made a number of modifications and improvements to the structure including privacy fencing, a covered outdoor deck, four bathrooms, laundry facilities, a kitchenette, and 28 solar panels. Additionally, the business is fully licensed with an established website and a positive online presence through reviews on sites such as Far Out and Google. More than simply real estate, The Stone Lion Hostel offers the opportunity to acquire an established, turnkey hostel in a town which consistently ranks as a top adventure destination for outdoor enthusiasts!
Property Facts
Property TypeMulti Family
Sub TypeOther
MLS Number10001332
Lot Dimensions0.08
City Taxes$354.20
County Taxes$331.10
Elementary SchoolRhea Valley
Middle SchoolDamascus
High SchoolHolston
Features & Amenities
Interior
Concrete Flooring
Dryer
Drywall Walls
Electric Dryer Hookup
Heat Pump
Microwave
One-Level
Refrigerator
Washer
Washer Hookup
Window Unit(s)
Exterior
Covered Porch/Patio
Gravel
Level Lot
Metal Roof
Metal Siding Exterior
Slab Foundation
Other
Average Condition
Electricity Connected
Public Sewer
Public Water
Sewer Connected
Water Connected
Directions
From I-81, take Exit 19 onto US-58 towards Damascus. In 10 miles, bear right onto W. Laurel Ave. In 0.5 Miles, bear right onto Douglas Drive. Stone Lion Hostel one Left in 800 Feet.
  • Additional Information
    Contract Info
    ForeclosureNo
    Easements
    NoneYes
    General Property Description
    # Buildings1
    HOANo
    Home WarrantyNo
    Senior CommunityNo
    Stories1
    Total Units1
    ZoningC-2
    Location Tax Legal Info
    Deed Book #2,026
    Deed Page #779
    Lot #181
    Structure Type
    Hotel/MotelYes
    Style
    See RemarksYes
    Unit 1
    # Bathrooms4.5
    SqFt1,200
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