112 Douglas Dr Damascus, VA 24236
Estimated payment $2,058/month
Highlights
- Wood Frame Window
- Cooling Available
- Heating Available
About This Home
Position your next venture in the heart of beloved downtown Damascus! This spacious commercial building offers over 5,400 square feet of opportunity on 0.34 acres spanning two commercial lots, giving you the flexibility to bring a wide range of business or investment ideas to life! With a high traffic count and prime in-town location, visibility and accessibility are on your side. This property provides the space, location, and land to think outside the box! Imagine creating the ultimate live-and-work space, where your commute is simply a walk downstairs! If you are looking to start or expand an investment portfolio, the upper level also presents an excellent opportunity to restore the existing apartments for short-term vacation rentals, long-term tenants, or additional office space. Located within walking distance to the Appalachian Trail, the Virginia Creeper Trail, and downtown Damascus—this property is well suited for anyone who loves the outdoors! Damascus is currently a hive of activity with the extensive Virginia Creeper Trail restoration project; hundreds of millions of dollars have been designated to rebuild the well-known trail and improve the surrounding national forest proving that Damascus has a bright future! With its generous footprint, mixed-use potential, and a location in one of Southwest Virginia's most beloved small towns, this property is ready for your vision. Bring your ideas and unlock the possibilities in downtown Damascus! Photos of the Virginia Creeper Trail prior to reconstruction, nearby Grayson Highlands State Park, and Appalachian Trail depict the abundant natural beauty in the surrounding area!
Listing Agent
Holston Realty, Inc Brokerage Phone: 4237938109 License #0225243322 Listed on: 03/10/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,480
Year Built
- Built in 1936
Lot Details
- 14,810 Sq Ft Lot
Home Design
- Slab Foundation
- Shingle Roof
- Block Exterior
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 5 Bedrooms
- 5,400 Sq Ft Home
- Insulated Windows
- Wood Frame Window
Parking
- Gravel Driveway
- Paved Parking
Schools
- Rhea Valley Elementary School
- Damascus Middle School
- Holston High School
Utilities
- Cooling Available
- Heating Available
- Separate Meters
- Natural Gas Not Available
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 1 & 1A
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $422 | $71,100 | $30,000 | $41,100 |
| 2024 | $4 | $70,400 | $25,000 | $45,400 |
| 2023 | $422 | $70,400 | $25,000 | $45,400 |
| 2022 | $422 | $70,400 | $25,000 | $45,400 |
| 2021 | $422 | $70,400 | $25,000 | $45,400 |
| 2019 | $444 | $70,400 | $25,000 | $45,400 |
| 2018 | $444 | $70,400 | $25,000 | $45,400 |
| 2017 | $444 | $70,400 | $25,000 | $45,400 |
| 2016 | $444 | $70,400 | $25,000 | $45,400 |
| 2015 | $444 | $70,400 | $25,000 | $45,400 |
| 2014 | $444 | $70,400 | $25,000 | $45,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2026 03/10/26 | For Sale | $364,900 | -- | $68 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Southwest Virginia Association of REALTORS®
MLS Number: 109113
APN: 172B2-4-1
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Ask me questions while you tour the home.