Brewery Restaurant
For Sale
$685,000
715 Craigdell Rd, New Kensington, PA 15068
COMMERCIAL - New Kensington, PA
Property Size4,800 SF
Lot Size1.00 Acre
Price / SF$142.71
Days on Market123
Property Features for 715 Craigdell Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Zoning description
comm
Subdivision
Murrysville
Standard status
Active
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
4874
Building Details
Year built
1953
Listing Agency:
INTEGRITY PLUS REALTY
(724) 420-5676
Listed By:
Peter McKay
(724) 420-5676
Added: Apr 16
Changed: Aug 4
Last Checked: Aug 16 at 7:06PM
MLS# 1748782
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey property combines a fully leased restaurant and brewery operation in a brick and concrete building. The building is approximately 4,800 SF and sits on about 1 acre, with ample on-site parking and strong site accessibility. The current tenant operates as a brewery/restaurant concept and is renovating the interior. The lease is in place for a 5-year term through October 2028, including scheduled annual rent increases.
The property is located at 715 Craigdell Rd in New Kensington, PA, in an established commercial corridor. It is described as a high-traffic location and sits next to Pittsburgh Ice Arena, supporting convenient access for patrons.
For investors or owners seeking a stabilized, leased asset, the operating structure can reduce landlord responsibilities: the tenant is responsible for utilities, maintenance, and 80% of real estate taxes. The combination of a dedicated, on-site use and substantial parking may also support continued viability for a restaurant and brewery operator within the existing site configuration.
The property is located at 715 Craigdell Rd in New Kensington, PA, in an established commercial corridor. It is described as a high-traffic location and sits next to Pittsburgh Ice Arena, supporting convenient access for patrons.
For investors or owners seeking a stabilized, leased asset, the operating structure can reduce landlord responsibilities: the tenant is responsible for utilities, maintenance, and 80% of real estate taxes. The combination of a dedicated, on-site use and substantial parking may also support continued viability for a restaurant and brewery operator within the existing site configuration.
Key Highlights
- Fully leased restaurant and brewery building next to Pittsburgh Ice Arena on a high‑traffic commercial corridor.
- Approx. 4,800 SF brick and concrete building built in 1953 on 1 acre.
- 5‑year lease in place through October 2028 with scheduled annual rent increases.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,588
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 8.84%
Second Best
Industrial
$400.1K
$350.1K – $466.8K
NOI $28,007 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,584 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
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
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Turnkey, fully leased restaurant and brewery with ample parking and a lease term running through October 2028.
Where is this brewery located?
The property is located at 715 Craigdell Rd New Kensington, PA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Fully leased restaurant and brewery building next to Pittsburgh Ice Arena on a high‑traffic commercial corridor.; Approx. 4,800 SF brick and concrete building built in 1953 on 1 acre.; 5‑year lease in place through October 2028 with scheduled annual rent increases.
