982 Street RdWarminster, PA 18974

Property Details for 982 Street Rd

Year built

1997

Property size (Sq ft)

18,600 SF

Zone code

SC

Property type

Retail properties

Property subtype

Auto shops

APN

49-009-002-001-00H

APU

4900900200100H

Description

This exceptional retail property, located at 982 W Street Rd in Warminster, Pennsylvania (zip code 18974), offers a significant opportunity for a variety of businesses. The single-story building comprises a total of 18,516 square feet, with 10,145 square feet currently vacant. The existing tenant, Pep Boys, occupies the remaining space under a long-term ground lease and will continue its tire and auto repair operations. The vacant space, previously used for parts sales, is divisible and offers flexible layouts ranging from approximately 3,200 to 11,500 square feet. Ideal uses include medical facilities (dialysis or plasma centers), childcare centers, doggie daycare, discount retail, furniture stores, tool and hardware retailers, and automotive-related businesses that do not directly compete with the existing tenant's services, such as collision repair centers, auto glass shops, or specialized auto parts retailers. The property is situated in Bucks County, Pennsylvania, and benefits from excellent visibility and accessibility. Negotiable cash allowances are available for suitable tenants, contingent upon a rent structure that ensures a fair return on investment for property improvements. This presents a unique chance to acquire a substantial retail space in a thriving location with adaptable options for various business types.

• CAP approach

  CAP return

  Valuation

  6%

  $4,996,786

  6.5%

  $4,612,418

  7%

  $4,282,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,132,727

  Geo Method

  $6,124,296

• Alternative Use

  Use

  Valuation

  Residential

  $3,890,747

  Hospitality

  $3,563,903

  Educational

  $2,965,126

  Medical

  $3,067,101

  Retail

  $4,612,418

Location Insight

City

Warminster

County

Bucks

State

Pennsylvania

Latitude

40.212

Longitude

-75.1102

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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