175 N CENTRAL ST, BROADWAY,VA 22815

$630,000

175 N CENTRAL ST, BROADWAY, Virginia 22815 - $630,000

4,800 Sq.Ft
Marketed by Virginia Estates

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Property Description

Originally built in 2021 as a 6 Bay Garage w/12′ x 12′ overhead doors, “Broadway Bays” is a 4,800 sq ft bldg, strategically located one block from Downtown & 13 miles north of Harrisonburg. Restaurant Buildout & HVAC upgrade completed in 2022 along w/flooring & mechanics to support current tenant (has EXCELLENT rental history), w/a 5year lease that ends Jun 30, 2027. 2% rent bumps every 12 mos. w/lease intakes as scheduled: 2024=$51,922.08  2025=$52,960.50  2026=$54,019.68 2027=$27,277.26 (Jan – Jun) Property is centrally located w/easy access to residential & commercial districts. Tenant’s business is pivotal in Broadway’s community & well known throughout the Central Shenandoah Valley. Broadway’s population of 4255 has a median age of 37 & median household income of $62,123 (2022), up from $57,878 (2020). Known for its bucolic scenery, the area industries focus on manufacturing, retail, & an attractive destination for those seeking to enjoy the countryside. Broadway had a population of 4,255 in 2022 & is growing at a rate of 0.98% annually & its population has increased by 4.03% since the most recent Census. 2024 OWNER EXPENSES *Rockingham Taxes 2269.84 *Broadway Taxes 333.80 *Insurance 660.00 *HVAC 84.00

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Property Details
Basic Details
Property Type : Commercial
Price : $630,000
Floor Size : 4,800 Sq.Ft
Year Built : 2021
Lot : 0.51 Acre
Status : Active

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Address Map
US
VA
Shenandoah Valley
Rockingham
BROADWAY
Rockingham Co NW
22815
W79° 12' 10.2''
N38° 36' 52.8''

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Additional Details
Commercial sales
: B-1 Business General
: Concrete
E S Central St Lot & IMP Tax Map #51/A1 A //99
37600
Active
: Public, Connected
$0
131.25
2024
2269.84
: Metal

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

    For Immediate Personal Service from a Local Agent

     

    Call (434) 409-4056

    deidre@virginiaestates.com







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    For immediate response contact Deidre Carpenter 434-409-4056, deidre@virginiaestates.com.
    Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. KW COMMONWEALTH represents the interest of the seller 540-221-6740 663386. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
    For buyer representation by Virginia Estates contact Deidre Carpenter 434-409-4056, deidre@virginiaestates.com.