Leased Restaurant with
706 CRAIGDELL RD NEW KENSINGTON PA 15068-3366, New Kensington, PA 15068
For Sale
New
Contact for pricing
The restaurant includes dining and bar areas, commercial kitchen infrastructure, and outdoor space.
Property Size4,800 SF
Lot Size22.00 Acres
Price / SF$166.67
Days on Market7
Property Features for 706 CRAIGDELL RD NEW KENSINGTON PA 15068-3366
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Land
Land Use
Mineral Rights
Additional Details
Asking Price
Road Access
Tenant in Place
Amenities
bar
dining areas
commercial kitchen
outdoor space
viewing screens
Building Details
Tenancy
Listing Agency:
Integrity Plus Realty
Listed By:
Sidni Kendall · License PA RM425677
(724) 493-3335
Source:
Crexi
Added: Nov 4
Changed: Nov 10
Last Checked: Nov 10 at 2:23PM
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 Integrity Plus Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The restaurant and brewery space totals approximately 4,800 square feet, with bar and dining areas, commercial kitchen infrastructure, outdoor space, and interior screens for viewing games. The property also includes approximately 21 additional acres. Restaurant operations are supported by a shared entrance and designated parking serving the restaurant and the adjacent Pittsburgh Ice Arena.
The restaurant is fully leased under a five-year agreement that runs through October 2028 and includes scheduled annual rent increases. The restaurant and acreage remain part of the same parcel; separate acquisition would require subdivision and applicable approvals. Full oil and gas rights are included with the land. Zoning, subdivision, and development feasibility are subject to buyer due diligence and local approvals.
The restaurant is fully leased under a five-year agreement that runs through October 2028 and includes scheduled annual rent increases. The restaurant and acreage remain part of the same parcel; separate acquisition would require subdivision and applicable approvals. Full oil and gas rights are included with the land. Zoning, subdivision, and development feasibility are subject to buyer due diligence and local approvals.
Key Highlights
- Approximately 4,800 SF of restaurant and brewery space
- Approximately 21 additional acres included with the property
- Restaurant fully leased through October 2028 under a five‑year lease with annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,588
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,760
$1.2M
Cap Rate 7%
$865,543
$865.5K
Cap Rate 9%
$673,200
$673.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$86.4K $18.00/SF
− Vacancy
−$5.6K −$1.17/SF
EGI
$80.8K $16.83/SF
− OpEx
−$20.2K −$4.21/SF
NOI
$60.6K $12.62/SF
Area
Westmoreland County, PA
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,760
Cap Rate 7%
$865,543
Cap Rate 9%
$673,200
Alternative Uses
Best Use
Specialty Retail
$865.5K
$757.4K – $1.01M
NOI $60,588 @ 7.0% cap · market cap 7.57%
Second Best
Industrial
$400.1K
$350.1K – $466.8K
NOI $28,007 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,584 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15068, PA
37,104
Population
18,319
Households
2
Avg Household Size
47
Median Age
27%
College-Educated
95%
High-School Grad
45.4 sq mi
ZIP Area
817
Density / Sq Mi
$62,997
Median Household Income
$42,795
Median Earnings
$749
Median Rent
$166,000
Median Home Value
Market
Properties on Market for Conventional restaurants in Westmoreland County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant includes dining and bar areas, commercial kitchen infrastructure, and outdoor space.
Where is this conventional restaurant located?
The property is located at 706 CRAIGDELL RD NEW KENSINGTON PA 15068-3366 New Kensington, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 4,800 SF of restaurant and brewery space; Approximately 21 additional acres included with the property; Restaurant fully leased through October 2028 under a five‑year lease with annual rent increases
