Restaurant Property with
New
For Sale
$800,000
715 Craigdell Rd, New Kensington, PA 15068
CommercialSale, New Kensington, PA
Property Size4,800 SF
Lot Size22.54 Acres
Price / SF$166.67
Days on Market1
Property Features for 715 Craigdell Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Zoning description
Comm
Directions
GPS is accurate.
Subdivision
New Kensington
Standard status
Active
Lot size
22.54 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
4874
Amenities
shared entrance
designated parking
interior viewing screens
outdoor space
Building Details
Year built
1953
Listing Agency:
INTEGRITY PLUS REALTY
Listed By:
Jennifer Clark · License #RS367782
(724) 420-5676
Added: Nov 2
Last Checked: Nov 2 at 6:06PM
MLS# 1781701
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant and brewery property includes approximately 4,800 square feet of interior space, with bar and dining areas, a commercial kitchen, and outdoor space. Interior screens let patrons watch games from the restaurant. The property is leased under a five-year agreement through October 2028, with annual rent increases scheduled.
The restaurant is adjacent to Pittsburgh Ice Arena and shares an established entrance and designated parking with the facility. The parcel totals 22.543 acres, including approximately 21 acres of vacant land. The restaurant and acreage are currently part of one parcel; separate purchases would require subdivision and applicable approvals. Commercial zoning is identified for the property, and full oil and gas rights are included with the land.
The restaurant is adjacent to Pittsburgh Ice Arena and shares an established entrance and designated parking with the facility. The parcel totals 22.543 acres, including approximately 21 acres of vacant land. The restaurant and acreage are currently part of one parcel; separate purchases would require subdivision and applicable approvals. Commercial zoning is identified for the property, and full oil and gas rights are included with the land.
Key Highlights
- Approximately 4,800 SF of restaurant and brewery space
- Restaurant property is leased through October 2028 under a five‑year lease with scheduled annual rent increases
- Adjacent to Pittsburgh Ice Arena, with a shared entrance and designated parking
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
85
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Leased dining and brewery space sits beside Pittsburgh Ice Arena, with shared access and designated parking.
Where is this conventional restaurant located?
The property is located at 715 Craigdell Rd 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; Restaurant property is leased through October 2028 under a five‑year lease with scheduled annual rent increases; Adjacent to Pittsburgh Ice Arena, with a shared entrance and designated parking
