About 302 George Street 1
This ground floor mixed use asset offers prime visibility along George Street, benefiting from strong daily traffic and consistent exposure. The property is currently occupied by a fully operational pub and liquor store under a secure lease running through 2029. Sale is for the leasehold interest only, not fee simple. The site is subject to a long term 99 year ground lease, currently in Year 23, set to expire on December 3, 2102, with an additional 99 year renewal option available. This structure provides exceptional long term stability for the next owner. Buyer will assume all lease obligations, including taxes, insurance, and maintenance as outlined in the lease. Transfer may require landowner review and approval. Financing options may be limited; buyers are encouraged to confirm lender requirements. Full lease document and terms available upon request.
Features of 302 George Street 1
| MLS® # | 2617313R |
|---|---|
| Price | $2,500,000 |
| Square Footage | 3,800 |
| Year Built | 2007 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 302 George Street 1 |
|---|---|
| City | New Brunswick |
| County | Middlesex |
| State | NJ |
| Zip Code | 08901 |
Amenities
| Utilities | Underground Utilities, Electricity Connected, Natural Gas Connected, Separate Utilities |
|---|---|
| Parking Spaces | 1 |
| Parking | On Street, See Remarks |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | See Remarks |
|---|---|
| Appliances | Exhaust System |
| Heating | Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | No |
Exterior
| Lot Description | Near Shopping, Near Train, Business District |
|---|---|
| Roof | See Remarks |
Additional Information
| Days on Market | 7 |
|---|
Listing Details
| Office | WEICHERT CO REALTORS |
|---|