402 Wood AVE Big Stone Gap, VA 24219
10,980 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,980 sqft
Price per Sqft $63
Subdivision Not In Subdivision
MLS Listing ID 10002597
HOA Y/N No
Total Fin. Sqft 10980
Year Built 1900
Lot Dimensions 0.33
Source Tennessee/Virginia Regional MLS
Property Description
402 Wood Avenue E Big Stone Gap, Virginia
Own a remarkable piece of Big Stone Gap history while investing in a property that is already generating income! Located at 402 Wood Avenue E in the heart of downtown, this distinctive mixed-use building offers an established commercial tenant on the main level and four operating Airbnb apartments upstairs. The first floor is currently occupied by Big Cherry Brewery, providing a restaurant and brewery presence at street level. Upstairs, four two-bedroom, one-bath apartments are currently operated as short-term rentals through Airbnb. With both commercial and lodging uses in place, the building offers an appealing opportunity for an investor seeking an income-producing property with multiple revenue streams. Built in 1900 as the Ayers Building by General Rufus Ayers, the property originally housed some of his businesses on the ground floor, while the upper level served as the federal courthouse and town offices until 1912. The building carries an extraordinary distinction: it was the only building on the 400 block to survive Big Stone Gap's devastating 1908 fire. More than a century later, this architectural survivor continues to serve the community in a new way - combining downtown dining and hospitality with furnished short-term accommodations. Its history, location, established uses, and current cash flow make this a rare opportunity to own a landmark with an active income stream. Whether you are expanding your investment portfolio or seeking a signature historic downtown property, 402 Wood Avenue E offers character, versatility, and an opportunity to build on an enduring legacy. With ashlar block exterior and new roof, the building is ready for years of low maintenance for new buyers. Buyers and buyers agents to verify all information, subject to errors and omissions.
Location
State VA
County Wise
Community Not In Subdivision
Zoning C
Direction Downtown Big Stone Gap, across from Federal building on corner
Interior
Heating Heat Pump
Cooling Heat Pump
Equipment Smoke Detector(s)
Heat Source Heat Pump
Exterior
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Rubber
Road Frontage City Street, Township Road
Building
Sewer Public Sewer
Water Public
Structure Type Block,Stone Veneer
New Construction No
Others
Senior Community No
Tax ID 001924
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional