Mixed-Use Building with
305 MAIN ST N, Bridgewater, VA 22812
For Sale
$499,000
The property combines an operating restaurant with a separate upstairs apartment.
Property Size3,200 SF
Price / SF$155.94
Days on Market118
Property Features for 305 MAIN ST N
General Information
Standard status
Size
Listing Agency:
KLINE & CO. REAL ESTATE
Listed By:
JONATHAN STALLARD · License VA #0225267669
(540) 946-4000
Source:
Raycaddellrealestate
Added: Jul 15
Changed: Oct 26
Last Checked: Nov 8 at 5:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KLINE & CO. REAL ESTATE
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Investment Insights
Based on property information with market context.
This 3,200-square-foot mixed-use building places an operating restaurant on the main level and a separate apartment upstairs. The residential component includes three rooms and one bathroom, creating a distinct upper-level space within the property. Greedy’s Grill occupies the restaurant area.
The building is located at 305 N Main St in Bridgewater’s business district and is zoned General Business. Bridgewater College, shops, and municipal offices are nearby. The property’s combined commercial and residential layout provides an established restaurant operation alongside a separate apartment within the same building.
The building is located at 305 N Main St in Bridgewater’s business district and is zoned General Business. Bridgewater College, shops, and municipal offices are nearby. The property’s combined commercial and residential layout provides an established restaurant operation alongside a separate apartment within the same building.
Key Highlights
- 3,200‑square‑foot mixed‑use property in Bridgewater’s business district
- Main level occupied by operating restaurant Greedy’s Grill
- Separate upstairs apartment with three rooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,155
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,100
$743.1K
Cap Rate 7%
$530,786
$530.8K
Cap Rate 9%
$412,833
$412.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$51.1K $15.96/SF
− Vacancy
−$1.5K −$0.48/SF
EGI
$49.5K $15.48/SF
− OpEx
−$12.4K −$3.87/SF
NOI
$37.2K $11.61/SF
Area
Rockingham County, VA
Vacancy
3.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,100
Cap Rate 7%
$530,786
Cap Rate 9%
$412,833
Alternative Uses
Best Use
Office B
$701.1K
$613.4K – $817.9K
NOI $49,075 @ 7.0% cap · market cap 9.83%
Second Best
Specialty Retail
$530.8K
$464.4K – $619.3K
NOI $37,155 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$964.4K
$843.8K – $1.13M
NOI $67,507 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
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Business Placement
Demographics for 22812, VA
9,799
Population
3,570
Households
2.7
Avg Household Size
36
Median Age
40%
College-Educated
89%
High-School Grad
49.8 sq mi
ZIP Area
197
Density / Sq Mi
$83,858
Median Household Income
$33,182
Median Earnings
$1,158
Median Rent
$342,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an operating restaurant with a separate upstairs apartment.
Where is this mixed-use property located?
The property is located at 305 MAIN ST N Bridgewater, VA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,200‑square‑foot mixed‑use property in Bridgewater’s business district; Main level occupied by operating restaurant Greedy’s Grill; Separate upstairs apartment with three rooms and one bathroom
