CommercialSales
175 N Central St, Broadway VA 22815
- $630,000
- MLS #:663386
- 4,800sq ft
- 0.51acres
Neighborhood: None
Square Ft Finished: 4,800
Square Ft Unfinished: None
Elementary School: None
Middle School: None
High School: None
Property Type: commercialsales
Subcategory: Building
Area: Rockingham
Year Built: 2021
Price per Sq. Ft: $131.25
Stories: 1
Roof: Metal
Fence: None
Air Conditioning: Central Air, Mini Split
Heating: Electric, Forced Air
Gas: No
Water: Connected, Public
Sewer: Yes Connected
Features: Concrete
Annual Taxes: $2,270
Tax Year: 2024
Legal: E S Central St Lot & IMP Tax Map #51/A1 A //99
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
Days on Market: 90
Updated: 7/01/25
Courtesy of: Keller Williams Commonwealth
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Listing Office: Keller Williams Commonwealth