175 N CENTRAL ST Active Save Request In-Person Tour Request Virtual Tour
Broadway,VA 22815
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $131
MLS Listing ID 663386
Construction Status Resale
HOA Y/N No
Year Built 2021
Annual Tax Amount $2,269
Tax Year 2024
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Building
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
Location
State VA
County Rockingham
Area Rockingham Co Nw
Zoning B-1 Business General
Direction VA Rt 42 to Broadway, Continue North on Main St, Right on Miller St, Left on N. Central. Property at corner of Miller and N. Central St.
Interior
Heating Electric,Forced Air
Cooling Central Air,Ductless
Flooring Concrete
Fireplace No
Exterior
Parking Features Private,Three or more Spaces
Fence None
Water Access Desc Connected,Public
Roof Type Metal
Street Surface Paved
Building
Sewer Connected
Water Connected,Public
Level or Stories One
Construction Status Resale
Others
Tax ID 37600