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605 East 5th Street, 
Damascus, VA 24236

$359,000


—

Bed


—

Bath


1,200

Sq Ft


Multi-Family

Active

Listed by

Cynthia Routon

Holston Realty, Inc.

423-793-8109

Last updated:

November 6, 2026, 05:01 PM

MLS#

10001332

Source:

TNVA MLS

About This Home

605 East 5th Street

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!

Home Facts

Multi-Family

Built in 2011

Subdivision & Development:

Not In Subdivision

Price Summary

359,000

$299 per Sq. Ft.

MLS #:

10001332

Last Updated:

November 6, 2026, 05:01 PM

Added:

1 month(s) ago


Structure

Structure

Building Area:

1,200 Sq. Ft.

Year Built:

2011


Lot

Lot Size (Sq. Ft):

3,484


Finances & Disclosures

Finances

Price:

$359,000

Price per Sq. Ft:

$299 per Sq. Ft.

Source:TNVA MLS
The information being provided by Tennessee Virginia Regional Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Tennessee Virginia Regional Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.