605 E 5th St Damascus, VA 24236
Estimated payment $2,161/month
Highlights
- No HOA
- Concrete Flooring
- Heat Pump System
- Covered Patio or Porch
- Level Lot
- 1-Story Property
About This Home
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!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2011
Lot Details
- 3,485 Sq Ft Lot
- Level Lot
- Property is in average condition
Parking
- Gravel Driveway
Home Design
- Slab Foundation
- Metal Roof
- Metal Siding
Interior Spaces
- 1,200 Sq Ft Home
- 1-Story Property
- Concrete Flooring
- Microwave
Laundry
- Dryer
- Washer
Outdoor Features
- Covered Patio or Porch
Schools
- Rhea Valley Elementary School
- Damascus Middle School
- Holston High School
Utilities
- Window Unit Cooling System
- Heat Pump System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 172b2 A 181
- Seller Considering Concessions
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $331 | $77,000 | $31,000 | $46,000 |
| 2025 | $331 | $77,000 | $31,000 | $46,000 |
| 2024 | $4 | $59,900 | $25,000 | $34,900 |
| 2023 | $359 | $59,900 | $25,000 | $34,900 |
| 2022 | $359 | $59,900 | $25,000 | $34,900 |
| 2021 | $359 | $59,900 | $25,000 | $34,900 |
| 2019 | $384 | $61,000 | $25,000 | $36,000 |
| 2018 | $384 | $61,000 | $25,000 | $36,000 |
| 2017 | $384 | $61,000 | $25,000 | $36,000 |
| 2016 | $349 | $56,000 | $20,000 | $36,000 |
| 2015 | $349 | $56,000 | $20,000 | $36,000 |
| 2014 | $349 | $56,000 | $20,000 | $36,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/24/2026 09/24/26 | For Sale | $375,000 | -- | $313 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $115,000 | Attorney |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $92,000 | No Value Available |
Source: Tennessee/Virginia Regional MLS
MLS Number: 10001332
APN: 172B2-A-181
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Listing information is deemed reliable, but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.
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Ask me questions while you tour the home.