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378 George St 6,801 SF 100% Leased Retail Building New Brunswick, NJ 08901 $3,410,790 CAD ($501.51 CAD/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
$3,410,790 CAD
Price Per SF
$501.51 CAD
Cap Rate
6.81%
NOI
$232,399 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
3.12
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C-4 - Nonrestricted Commercial
Walk Score®
Walker's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-00015-0000-00019 | Improvements Assessment | $2,117,834 CAD |
| Land Assessment | $567,736 CAD | Total Assessment | $2,685,570 CAD |
Property Taxes
Parcel Number
13-00015-0000-00019
Land Assessment
$567,736 CAD
Improvements Assessment
$2,117,834 CAD
Total Assessment
$2,685,570 CAD
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378 George St
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