Land for Sale in New Kensington, Pennsylvania

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.