173 W Lee St Broadway, VA $ 995,000
173 W Lee St
$ 995,000
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173 W Lee St

Broadway, VA, 22815
$ 995,000
Baths0.0 Sq 9,100

Monthly Estimate*

$ 6,613

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Studio

Commercial Property for sale in Broadway, VA

for $995,000. This 9,100 square foot building was built in 2004 on a lot size of 0.65.

Net Leased Dollar General in Broadway. Leased through 4/2030, property is priced at 6.6% CAP rate. DG is a strong tenant that has been there since 2004, it has fundamentally low base rent therefore being a hard store to replace. Situated on Route 259, this property has over 12,000 cars past it everyday. Great opportunity for 1031 exchange buyer. This property has little maintenance liability for the owner, averaging less than $2,100/yr the last 3 years.

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Commercial Active

Price

$ 995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.65

Year Built

2004

Town/City

Broadway

County/Region

Rockingham

MLS | Web ID

653672

Features
General
Zoning B-1 Business General
Status Active Active
Class COMMERCIAL SALES
Type Building
Tax Year 2024
AVM Yes
Subdivision VA
Area Rockingham
Primary City Broadway
SubArea Rockingham Co NW
Year Built 2004
Directions Route 42 Turn L on 259 Property on the right across the bridge
City BROADWAY
Legal Description GROVER FULK SBDV L69C1 S1
DOM 30
Postal Code 22815
Price Per Sq Ft Total AG 109.34
Coming Soon Net Leased Dollar General in Broadway. Leased through 4/2030 property is priced at 6.6% CAP rate. DG is a strong tenant that has been there since 2004 it has fundamentally low base rent therefore be
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Interior
Total Number of Units 1
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Exterior
Lot Size Area 0.65
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* Excluded Features
List By
Cottonwood Commercial Llc

Broker

craig.anders@cottonwood.com

Email

Affordability Calculator

$6,613
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,613
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
808124 Elementary School
807970 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2024$995,000 Listed Price

Map


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173 W Lee St, Broadway, VA, 22815 is a Commercial Property for sale at $995,000 with 9,100 sqft and a lot size of 0.65. 173 W Lee St is a studio with 0.0 baths and was built in 2004. The property's zip code is 22815 which is in Broadway, VA