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.
Step into timeless charm paired with modern functionality in this beautifully renovated historic building, ideally located off of Water Street beside the newly developed Gate City Park. This property has been thoughtfully restored from top to bottom, seamlessly blending character with contemporary updates to suit a wide range of commercial uses including office, medical, salon, studio, or professional services. The interior offers three spacious private rooms, each with excellent storage, providing flexibility for multiple offices or treatment spaces. Two half baths add convenience for staff and clients, while the full kitchen makes daily operations comfortable and efficient. Ample on-site parking enhances accessibility, a rare find in such a prime location. Surrounded by new development and steady foot traffic, this turnkey property offers visibility, convenience, and long-term value in a growing area. A unique opportunity to own a fully renovated historic space in one of the city's most desirable locations.
Discover a rare gem nestled in the heart of Gate City! A prime location property boasting impressive road frontage, with its prominent position and history as a former car dealership, this property holds immense potential for a variety of ventures such as retail complex, office/professional building or restaurant space. *Buyer to verify all information herein. All information taken from the tax records and 3rd party information.*
Discover a rare gem nestled in the heart of Gate City, a prime location property with impressive road footage. With is prominent position and history as a former car dealership, this property holds immense potential for a variety of ventures including retail or office space or restaurant endeavors. *Buyer to verify all information herein. All information taken from tax records and 3rd party information.*
Gate City is located in Virginia. Gate City, Virginia has a population of 1,908. Gate City is more family-centric than the surrounding county with 27.59% of the households containing married families with children. The county average for households married with children is 27.07%.
The median household income in Gate City, Virginia is $36,773. The median household income for the surrounding county is $42,561 compared to the national median of $69,021. The median age of people living in Gate City is 46.6 years.
The average high temperature in July is 86.1 degrees, with an average low temperature in January of 25 degrees. The average rainfall is approximately 45.2 inches per year, with 9.9 inches of snow per year.