1. Virginia
  2. Broadway
  3. 175 N CENTRAL ST
$630,000

175 N CENTRAL ST, Broadway, VA 22815

  • 4,800 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2021
  • Property Lot Size Icon0.51acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $131/sqft
  • Property List Date Icon Listed 3 months ago

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

Listing Status:
Active
Date Added:
April 18, 2025 at 05:00AM
Listing Office:
KW COMMONWEALTH : 540-221-6740
Listing Agent:
MONICA WHITE : 540-292-1485
MLS ID:
663386
  • Flooring: Concrete
  • A/C: Central AirDuctless
  • Heating: ElectricForced Air

This listing courtesy of MONICA WHITE, KW COMMONWEALTH

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John C. Myers Elementary School

290 Raider Rd, Broadway, VA, 22815

Grades PK-5

0.50 miles away

J

J. Frank Hillyard Middle School

226 Hawks Hill Dr, Broadway, VA, 22815

Grades 6-8

0.33 miles away

B

Broadway High School

269 Gobbler Dr, Broadway, VA, 22815

Grades 9-12

0.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.