Broadway Bays
$630,000
171 Central Street, Broadway, VA 22815
For Sale
Commercial
Active
Last Updated: 04/18/2025
7.7
Cap Rate
48,574.44
NOI
Details:
Cap Rate: 7.7%
NOI: $48,574.44
Building Size: 4,800 sqft
Lot Area: 21,780 sqft
Occupancy: 100%
Class: C
Year Built: 2021
Price Per Sqft: $131.25
Zoning: B!
Tenancy: Single
Lease Expire Year: 2027
Description:
Originally built as a 6 Bay Garage w/12' x 12' overhead doors and build-out completed shortly after including systems upgrades, flooring & mechanics to support tenant's restaurant/entertainment venue. Property is centrally located with easy access to residential and commercial districts. A 5 year lease is currently in place and Tenant has EXCELLENT rental history. Their popular business is pivotal in Broadway's community and well known throughout the Central Shenandoah Valley.
Documents:
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2025_OM.pdf
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Location
Gallery
