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378 George St 6,801 SF 100% Leased Retail Building New Brunswick, NJ 08901 $2,495,000 ($366.86/SF) 6.81% Cap Rate
Executive Summary
Rare Mixed-Use Opportunity in the Heart of New Brunswick! Positioned on vibrant George Street, this fully leased, income-producing mixed-use property presents a unique opportunity for investors. The beautifully renovated two-level restaurant space is currently leased to the popular Casa Ragazzi, offering strong street presence, steady
cash flow, and a built-in tenant in one of the area’s most walkable and high-traffic locations. Above the commercial space are three well-maintained residential units. The spacious first-floor apartment features 4 bedrooms, 1 full bath, and 2 half baths, while the third floor includes two separate 2-bedroom units—all currently leased. Just steps from Rutgers University, public transportation, and downtown amenities, this 6,800 sqft. property offers a highly desirable investment profile with separate utilities, updated systems, and a reliable rent roll. Whether you're looking to expand your portfolio or secure a prime location with built-in income, this New Brunswick asset delivers.
cash flow, and a built-in tenant in one of the area’s most walkable and high-traffic locations. Above the commercial space are three well-maintained residential units. The spacious first-floor apartment features 4 bedrooms, 1 full bath, and 2 half baths, while the third floor includes two separate 2-bedroom units—all currently leased. Just steps from Rutgers University, public transportation, and downtown amenities, this 6,800 sqft. property offers a highly desirable investment profile with separate utilities, updated systems, and a reliable rent roll. Whether you're looking to expand your portfolio or secure a prime location with built-in income, this New Brunswick asset delivers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,801 SF
Building Class
C
Year Built/Renovated
1990/2025
Price
$2,495,000
Price Per SF
$366.86
Cap Rate
6.81%
NOI
$170,000
Percent Leased
100%
Building Height
3 Stories
Building FAR
3.12
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C-4 - Nonrestricted Commercial
Exceptionally walkable
100/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-00015-0000-00019 | Improvements Assessment | $1,549,200 |
| Land Assessment | $415,300 | Total Assessment | $1,964,500 |
Property Taxes
Parcel Number
13-00015-0000-00019
Land Assessment
$415,300
Improvements Assessment
$1,549,200
Total Assessment
$1,964,500
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378 George St
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