Leased Retail Space Across from Ice
For Sale
$850,000
715 Craigdell Rd New, New Kensington, PA 15068
Fully leased retail property with on-site parking and access to customers visiting nearby amenities.
Property Size4,800 SF
Days on Market239
Property Features for 715 Craigdell Rd New
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Street Retail
Occupancy
100%
Building Details
Building Size
4,800 SF
Year Built
1953
Listing Agency:
SVN | Three Rivers Commercial Advisors
Listed By:
Alex Dupre · License #RS340356
(412) 535-8063
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 8
Last Checked: Oct 14 at 7:39PM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
Built in 1953, this retail property is fully leased to Tortured Souls Brewing. The building offers an existing operating platform with on-site parking and a location across from Pittsburgh Ice Arena.
The ice rink hosts yearly travel tournaments, adding recurring activity to the surrounding setting. The property is also near residential developments, other retail establishments, and area amenities. Its position on Craigdell Road provides access for retail customers in New Kensington, Pennsylvania.
The ice rink hosts yearly travel tournaments, adding recurring activity to the surrounding setting. The property is also near residential developments, other retail establishments, and area amenities. Its position on Craigdell Road provides access for retail customers in New Kensington, Pennsylvania.
Key Highlights
- Fully leased to Tortured Souls Brewing
- Across from Pittsburgh Ice Arena
- Ice rink hosts yearly travel tournaments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,588
Cap Rate
7.13%
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 7.13%
Second Best
Retail
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,584 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
179
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased retail property with on-site parking and access to customers visiting nearby amenities.
Where is this retail space located?
The property is located at 715 Craigdell Rd New New Kensington, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully leased to Tortured Souls Brewing; Across from Pittsburgh Ice Arena; Ice rink hosts yearly travel tournaments
