605 5th ST, Damascus, VA 24236
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605 5th ST, Damascus, VA 24236
605 5th ST, Damascus, VA 24236
605 5th ST, Damascus, VA 24236
605 5th ST, Damascus, VA 24236
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Debby Gibson Real Estate Co.

Debby Gibson Real Estate Co.

+1(423) 833-7492
$ 375,000
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605 5th ST Damascus, VA 24236

1,200 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $312

Subdivision Not In Subdivision

MLS Listing ID 10001332

Style See Remarks

HOA Y/N No

Year Built 2011

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 0.08

Property Sub-Type Other

Source Tennessee/Virginia Regional MLS

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!

Location

State VA

County Washington

Community Not In Subdivision

Area 0.08

Zoning C-2

Direction 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.

Interior

Heating Heat Pump

Cooling Heat Pump, Window Unit(s)

Flooring Concrete

Appliance Dryer, Microwave, Refrigerator, Washer

Heat Source Heat Pump

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Gravel

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Metal

Topography Level

Porch Covered

Building

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style See Remarks

Level or Stories 1

Structure Type Metal Siding

New Construction No

Schools

Elementary Schools Rhea Valley

Middle Schools Damascus

High Schools Holston

Others

Senior Community No

Tax ID 172b2 A 181

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Listed by Cynthia Routon • Holston Realty, Inc.
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Debby Gibson Real Estate Co.

Debby Gibson Real Estate Co.

+1(423) 833-7492

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605 5th ST