715 Craigdell Rd
New Kensington, PA, 15068 $ 800,000
Bedrooms-- Baths-- Monthly Estimate*
$ 5,525
for $800,000. This building was built in 1953 on a lot size of 22.543.
Exceptional Commercial Investment Opportunity Adjacent to Pittsburgh Ice Arena! Located in a high-visibility commercial corridor of New Kensington, 715 Craigdell Road offers approximately 4,800 SF of restaurant and brewery space on a parcel that includes approximately 21 additional acres. The restaurant's proximity to Pittsburgh Ice Arena provides convenient access to recurring traffic from hockey players, families, coaches, and spectators throughout the hockey season. The established shared entrance and designated parking facilitate access to both facilities, while interior viewing screens allow patrons to enjoy food and beverages while watching games. The restaurant features expansive bar and dining areas, commercial kitchen infrastructure, and outdoor space. The restaurant is fully leased under a five-year lease through October 2028, with scheduled annual rent increases. Current gross rental income is approximately $6,000 per month, with a reported net operating income (NOI) of approximately $66,400; Offering an attractive investment profile with reduced landlord responsibilities. Financial information, lease terms, and operating expenses are subject to verification. Multiple Purchase Options Available: (1) Restaurant property offered at $685,000; (2) approximately 21 acres of vacant land offered at approximately $495,000; or (3) both properties together at a combined asking price of approximately $800,000. The acreage presents potential for future development, commercial expansion, recreational use, or other opportunities, subject to zoning, subdivision, local approvals, and buyer due diligence. Full oil and gas rights are included with the land. The restaurant and acreage are currently part of the same parcel; separate purchases will require subdivision and applicable approvals. Conveniently located near major roadways, surrounding communities, and regional amenities, this offering combines an established income-producing business property with significant acreage and future investment potential. Buyers are encouraged to conduct independent due diligence regarding financials, lease provisions, zoning, subdivision, utilities, oil and gas rights, and development feasibility.
See more
FeaturesGeneralZoning Comm
Year Built 1953
Property Subtype Business
Business Type Bar/Tavern/Lounge Restaurant
County Westmoreland
Property Type Commercial Sale
Status Active
Directions GPS is accurate.
City New Kensington
Zoning Description Comm
MLS Area New Kensington
Lot Size Units Acres
Tax Annual Amount 4874
MLS Area Minor New Kensington
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 29960
Property Sub Type Additional Business Retail
See more
ExteriorLot Size Area 22.543
Lot Dimensions 22.543
Lot Size Acres 22.543
See more
* Excluded FeaturesList ByJennifer ClarkListing Agent
Integrity Plus RealtyBroker
jclark8928@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,525
- Monthly Property Taxes
- $406
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in New Kensington, PA
Average List Price $363,340
Percent of Sale Price 55%
About New Kensington, PA 12,207 Population
-17% Since 2002
$ 40,411 Median Income
45.51 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/2/2026 | $800,000 | | Listed Price |