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 tosupport 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
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0BEDS
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0.51ACRES
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0BATHS
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01/2 BATHS
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4,800SQFT
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$131$/SQFT
School Ratings & Info
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 tosupport 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 information © 2025 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2025-12-15T09:12:34.103.