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    7002-7004 BRISTOL Pike Levittown, PA 19057

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    Claim this Listing
    For Sale
    $1,984,000

    Commercial Sale - LEVITTOWN, PA

    Type:Retail
    Lot size:
    0.57 Acres
    Added:
    May 3, 2024
    Days on Market:
    729
    Last Refresh:
    May 1 at 8:06 pm

    Property Features for 7002-7004 BRISTOL Pike

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6428

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    2013
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Michael Bottaro

    Listing agent Michael Bottaro License #AB067983

    Listing office Homestarr Realty 850 Easton Road, Warminster, PA

    Listing date May 3, 2024

    MLS# PABU2070296

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Lot on Route 13

    This commercial property features a large three-unit lot situated on 0.59 acres at a prominent location on Route 13, specifically at the intersection of Route 13 (Bristol Pike) and Beaver Dam Road in Levittown, PA. The site benefits from high traffic volume, with approximately 30,000 vehicles passing by daily, and offers 190 feet of frontage on US Route 13. The property is suitable for various development opportunities, including commercial, retail, used automotive sales, auto repair shops, fast food establishments, medical offices, motels, and bar/restaurants. Additional approved zoning uses encompass new car dealerships, car rental agencies, auto detailing services, auto tag services, limousine services, and bus companies. The units consist of two used auto sales car lots, each with its own building, and a retail building currently operating as a check-cashing office. The lot has parking space for up to 100 cars. The property presents a business opportunity for automotive sales, with the current owner willing to assist with license applications.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • MRC Automotive — 1407 Hardy St, Levittown, PA 19057
    • Pilimas LLC — 1416 Manning Blvd, Levittown, PA 19057
    • David's Auto Care — 6195 Bristol Pike, Levittown, PA 19057
    • Gordon's Autobody — 5713 Ellwood Ave, Bristol, PA 19007
    • Hardy Truck & Trailer Repair — 1415 Hardy St, Levittown, PA 19057

    Location Insight

    • Map
    • Local Demand
    City
    Levittown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.83604
    Latitude
    40.12653

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    FAQs

    What type of property is this?
    Auto shop - Three-unit commercial lot on 0.59 acres with high visibility.
    Where is this auto shop located?
    The property is located at 7002-7004 BRISTOL Pike Levittown, PA.
    What is the asking price?
    The asking price for this property is $1,984,000.
    What are key features of this property?
    This property features: Prime location on Route 13 (Bristol Pike) at the intersection of Beaver Dam Road with high traffic volume and 190 ft of frontage.; Grandfathered used automotive sales license included.; Large 3‑unit commercial lot on 0.59 acres.
    (267) 307-2444
    We can help!
    Listing Contact
    Michael Bottaro
    Real Estate License ID: AB067983
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    7002-7004 BRISTOL Pike, LEVITTOWN, PA 19057

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