378 George St - Storefront Retail/Residential FOR SALE


New Brunswick, NJ 08901- Downtown New Brunswick
$2,495,000 USD
732-344-0701
378 George St, New Brunswick, NJ for Sale
$2,495,000 USD
Storefront Retail/Residential - FOR SALE
1/54
null | 6.73% Cap Rate

378 George St
New Brunswick, NJ 08901
Downtown New Brunswick


HIGHLIGHTS

  • Walkable downtown
  • Fully renovated building
  • Walking distance to train station

OVERVIEW

Strong 6.77% Cap Rate on a fully leased asset delivering reliable cash flow from day one. Discover this beautifully renovated and meticulously maintained mixed-use building in one of New Brunswick's most dynamic and sought-after locations. Perfectly positioned on vibrant George Street, this turn-key property offers immediate income in a designated Opportunity Zone. Anchored by Casa Ragazzi, an upscale restaurant featuring a seasonal menu crafted by Michelin-star-trained chefs. This premier tenant draws consistent foot traffic and enhances the property's prestige in the bustling George St corridor. Above it are 3 spacious apartments, each with impressive high ceilings that create an open, airy feel. These generously sized units (including a standout 4-bedroom, 2.5-bath unit of approximately 2,000 sq ft) appeal to nearly every type of tenant when you combine its location to Rutgers University, the train to NYC and downtown amenities. Approximately 6,800 sq ft of thoughtfully designed space blending commercial vibrancy with residential comfort. 378 George St is updated, continuously maintained and delivers modern systems, quality finishes, and minimal deferred maintenance for a true turn-key operation. Prime Location Benefits: Steps from Rutgers University, cultural venues, dining, transit, and major employers. George Street's high visibility and walkability ensure strong tenant demand and long-term appreciation. Oh, did we mention its in an Opportunity Zone as well? That only adds to the cherry on top of this property. Whether you're an investor seeking stable returns or looking to add a trophy property to your portfolio, 378 George Street represents an exceptional opportunity in New Jersey's thriving educational and economic hub. This is a rare chance to own a fully operational, income-producing building in an unbeatable downtown setting.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C-4

APN/PARCEL ID

13-00015-0000-00019

ASK ABOUT THIS PROPERTY

Peter TverdovTverdov HousingMore Info
732-344-0701

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Peter TverdovTverdov HousingMore Info
732-344-0701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.