2209 BRISTOL PIKE, Croydon, PA 19021

Building Details

Building Size 2,638 SF More

Year Built 1957 More

Listed By: Maj Mccray · License PA RS371924 Show Phone

Source: Evrealestate

Added: Feb 18 Changed: Nov 6 Last Checked: Nov 8 at 6:33AM

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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 Maj Mccray

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This commercial property is located along the Bristol Pike corridor, offering roadside appeal, steady vehicle traffic exposure, and on-site parking. The interior space is suitable for a range of uses, including restaurant, bar, café, retail, office, gym, professional services, and studio space. The layout allows for customization. An outdoor bar and patio area provide opportunities for seasonal service, special events, expanded seating, or customer experience. The property is being sold AS-IS and includes existing equipment and furniture. The property has a size of 2638 square feet.

Key Highlights

• Prime commercial property with high visibility on Bristol Pike.
• Flexible interior space suitable for various business types.
• Outdoor bar/patio area for seasonal service and events.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,015

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$820,300 $820.3K

Cap Rate 7%

$585,929 $585.9K

Cap Rate 9%

$455,722 $455.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,638 SF

Gross rent

$57.9K $21.96/SF

− Vacancy

−$3.2K −$1.23/SF

EGI

$54.7K $20.73/SF

− OpEx

−$13.7K −$5.18/SF

NOI

$41.0K $15.55/SF

Area

Bucks County, PA

Vacancy

5.60%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$820,300

Cap Rate 7%

$585,929

Cap Rate 9%

$455,722

Alternative Uses

Best Use

Specialty Retail

$585.9K

$512.7K – $683.6K (±1% cap)

NOI $41,015 @ 7.0% cap · market cap 7.60%

Second Best

Mixed Use

$133.7K

$117.0K – $155.9K (±1% cap)

NOI $9,356 @ 7.0% cap · market cap 1.73%

Theoretical Best

Office A

$904.2K

$791.2K – $1.05M (±1% cap)

NOI $63,292 @ 7.0% cap · market cap 11.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

ATM Atm TacoBaya Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

233

Businesses Nearby

Explore this area Business Placement

Demographics for 19021, PA

10,001

Population

3,942

Households

2.5

Avg Household Size

41

Median Age

15%

College-Educated

91%

High-School Grad

3.1 sq mi

ZIP Area

3,226

Density / Sq Mi

$59,935

Median Household Income

$39,864

Median Earnings

$1,303

Median Rent

$264,900

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Bucks County, PA

$244 Jul

$349 Aug

$286 Sep

$303 Oct

Properties on Market for Mixed-use properties in Bucks County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial space with outdoor patio on a bustling corridor.

Where is this mixed-use property located?

The property is located at 2209 BRISTOL PIKE Croydon, PA.

What is the asking price?

The asking price for this property is $539,999.

What are key features of this property?

This property features: Prime commercial property with high visibility on Bristol Pike.; Flexible interior space suitable for various business types.; Outdoor bar/patio area for seasonal service and events.