715 Craigdell Rd, New Kensington, PA 15068
COMMERCIAL - New Kensington, PA
- Added:
- Apr 16, 2026
- Days on Market:
- 77
- Last Refresh:
- Jul 1 at 12:06 pm
Property Features for 715 Craigdell Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- comm
- Standard status
- Active
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Annual Amount
- 4874
Building Details
- Year built
- 1953
Listing agent Peter McKay (724) 420-5676
Listing office INTEGRITY PLUS REALTY 430 Pellis Road, Greensburg, PA (724) 420-5676
Listing date Apr 16, 2026
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.
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.
- 55‑space parking lot with strong accessibility.
- Tenant responsible for utilities, maintenance, and 80% of real estate taxes, reducing landlord responsibilities.
- Tenant is renovating the interior (brewery/restaurant concept), supporting long‑term value.
Overview
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $18.00 |
| − Vacancy | −$5.6k | −$1.17 |
| EGI | $80.8k | $16.83 |
| − OpEx | −$20.2k | −$4.21 |
| NOI | $60.6k | $12.62 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Kensington
- County
- Westmoreland
- State
- Pennsylvania
- Longitude
- -79.740056
- Latitude
- 40.577787
