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605 5th Street

Damascus, VA 24236
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Acres0.08

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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 H ostel. 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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $375,000

AD Id : 91495889

MLS Id : 10001332

Lot Size : 0.08 Acre

Year Built : 2011

County : Washington

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Feature Features

  • Flooring Information

    Concrete
  • Roofing Information

    Metal
  • Interior Features

    Roof: Metal Appliances: Dryer, Microwave, Refrigerator, Washer Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Heating & Cooling

    Has Heating: Yes Heating: Heat Pump Has Cooling: Yes Cooling: Heat Pump, Window Unit(s)

  • Building Information

    Year Built: 2011 Building Area Total: 1200 Construction Materials: Metal Siding Stories: 1 Patio And Porch Features: Covered Private Pool: No

  • Lot Information

    Lot Dimensions: 0.08 Main Square Feet: 0.08 Acres Lot Size Acres: 0.08 Lot Size Square Feet: 3484.8

    Property Information

    Subdivision: Not In Subdivision Source Property Type: Residential Income Levels: One Property Age: 15

  • Listing Price Information

    Listing Price: $375000 Cash, Conventional

  • Tax Information

    Parcel Number: 172b2 A 181

  • Parking Information

    Gravel

  • School Information

    Elementary School: Rhea Valley
    Junior High School: Damascus
    Senior High School: Holston
  • Utility Information

    Electricity Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: From I-81, take Exit 19 onto US-58 towards Damascus. In 10 miles, bear right onto W. Laurel Ave. In 0.5 Miles, bear right onto Douglas Drive. Stone Lion Hostel one Left in 800 Feet. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
20591 Azen Road, Damascus, VA, 24236 $454,900 3 2 2,430 6.63 Acres
21240 Locust Branch Roa.., Damascus, VA, 24236 $449,900 2 1 768 26 Acres
23146 Taylor Valley Road, Damascus, VA, 24236 $320,000 3 1 1,218 0.49 Acre
21786 Monroe Road, Damascus, VA, 24236 $375,000 4 3 3,106 0.48 Acre
21573 Monroe Road, Damascus, VA, 24236 $420,000 4 3 3,318 12.58 Acres
821 Beaver Dam Avenue, Damascus, VA, 24236 $375,000 3 2 1,253 0.30 Acre
31208 Nova Drive, Damascus, VA, 24236 $399,000 2 1 720 0.48 Acre
31232 Hollyfield Road, Damascus, VA, 24236 $460,000 3 3 1,929 2.97 Acres
31198 Nova Drive, Damascus, VA, 24236 $399,000 3 2 1,221 0.48 Acre

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 09/27/2026 @ 11:17

MLS: 10001332 LISTED BY: Cynthia Routon, Holston Realty, Inc. 423-793-8109 SOURCE: TennesseeVirginia Regional MLS

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