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132 &138 W Jackson Street, Gate City, VA 24251

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For Sale

$299,900

7,600 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • $39.46
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 9988484

Courtesy Of Centruy 21 Pro Service

(423) 282-1885

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Brick
  • Fireplace
    Fireplace
  • Heating System
    Baseboard
  • Lot Size
    0.21 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 132 &138 W Jackson Street, Gate City, VA 24251

Home seller CENTURY 21 Legacy

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CENTURY 21 Legacy

(423) 239-6112
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Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.