Nicholls: Broadway's Commercial Gem Set for Auction

Deal News | Feb 13, 2025 | EIN

Nicholls Auction Marketing Group has announced the upcoming online auction of an 11,800 square foot commercial building in Broadway, Virginia. This property, a local landmark that has housed various businesses including The Auction House of Broadway, is situated on a prime .71-acre parcel on Main Street. The building's features include multiple restrooms, a storage basement, two commercial entrances, and public utilities, making it an attractive investment in one of Rockingham County's fastest growing areas. Currently, portions of the building are leased to a Violin Shop, Photography studio, and a Church. John Nicholls highlights the building’s potential as a long-term investment and encourages prospective buyers to participate in the auction, which will take place online and close on February 26.

Sectors

Real Estate
Auction Services

Geography

United States – The auction and the property are located in Broadway, Virginia, within the United States.
Virginia – The specific state where the commercial property is located and where Nicholls Auction Marketing Group operates.

Industry

Real Estate – The article revolves around the auction of a commercial real estate property in Broadway, VA.
Auction Services – Nicholls Auction Marketing Group is managing the property sale through an online auction, emphasizing the auction industry.

Financials

$550/month – Current rent from Violin Shop occupying a section of the building.
$400/month – Current rent from Photography studio occupying a section of the building.
$575/month – Current rent from Church occupying a section of the building.

Participants

Name	Role	Type	Description
Nicholls Auction Marketing Group, Inc.	Auctioneer and Marketing Group	Company	A professional accelerated marketing firm specializing in real estate auctions, managing the sale of the Broadway property.
Jim Bushong	Owner	Person	The retiring owner of The Auction House of Broadway, who has contracted Nicholls Auction Marketing Group for the sale.
Josh Puffenbarger	Auction Coordinator	Person	A coordinator from Allied Auctioneers assisting with the organization and management of the auction event.