For Sale | Net Lease Industrial Property

For Sale

2198 University Dr, Lemont Furnace, PA 15456

This Lemont Furnace property for sale is located at 2198 University Dr. The current listed sale price for For Sale | Net Lease Industrial Property is $6,850,000. For Sale | Net Lease Industrial Property is situated on a lot that is 38.86 acre in size.

Contacts

Richard L. Beynon

SVN | Three Rivers Commercial Advisors

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 201,325 SF
  • Lot Size 38.86 Acre
  • Date Updated Aug 4, 2026
  • HVAC None
Located in North Union Township in Fayette County.SVN Three Rivers Commercial Advisors is pleased to present 2198 University Drive, a mission-critical 201,325 SF industrial asset within the Pittsburgh MSA. STRATEGIC LOCATION & MARKET SYNERGY: The facility is positioned at the epicenter of the Marcellus and Utica Shale plays, providing unparalleled access to the Appalachian Basin’s energy infrastructure. Its proximity to regional manufacturing hubs ensures long-term relevance across multiple industrial sectors. VALUE PROPOSITION: Credit Tenant - Currently under a long-term net lease through May 2034 with Universal Pressure Pumping, Inc. (a wholly owned subsidiary of Patterson-UTI Energy, Inc.), the property offers immediate stability backed by substantial corporate credit. Versatile Investment Profile - While currently occupied by a single credit tenant, the building’s footprint and site configuration lend themselves to seamless multi-tenant partitioning. This flexibility mitigates long-term vacancy risk, allowing a future owner to easily demised the space to capture diverse market demand as the market continues to evolve.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Adaptability: Efficient “value-add” potential through multi-tenant conversion if necessary.
  • Credit: Tenant is Subsidiary of a leading NYSE-listed energy services company (Patterson-UTI Energy, Inc. (NASDAQ: PTEN).
  • Regional Connectivity: Direct access to major logistics and energy corridors.
  • Term: 8.4 years remaining on the primary lease (May 31, 2034)

Getting around

  • 11/100

    Walk Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lemont Furnace, PA
  • Zip Code 15456
  • Market Pittsburgh

Points of Interest

  • Speedway

    0.45 miles

  • Sheetz

    4.18 miles

  • Sunoco

    4.61 miles

  • GGO Fleet Fuel

    4.90 miles

  • Marathon

    5.15 miles

  • Exxon

    5.24 miles

  • Circle K

    5.91 miles

  • Sweet Pea’s Wash Works

    5.14 miles

  • Big Mikes BBQ

    0.63 miles

  • Flamingo Steak House

    2.96 miles

  • DQ Grill & Chill

    4.01 miles

  • The Oven

    4.13 miles

  • Canton Chinese Restaurant

    4.91 miles

  • Speedy's Restaurant

    4.93 miles

  • Michael Maria’s Pizza

    4.96 miles

  • Rizz's

    5.06 miles

  • Titlow Tavern & Grille

    5.07 miles

  • Meloni's Restaurant

    5.09 miles

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.