302 George Street, New Brunswick NJ 08901, 1213 - New Brunswick, NJ 08901
- $2,500,000
- 3,800
- SqFt
- List Price
- $2,500,000
- Days on Market
- 47
- Status
- ACTIVE
- MLS#
- 2617313R
- Living Area
- 3,800
- Year Built
- 2007
Property Description
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.
Additional Information
- Area
- 1213 - New Brunswick
- Utilities
- Underground Utilities, Electricity Connected, Natural Gas Connected, Separate Utilities
- Floors
- See Remarks, Tile
- Taxes
- $1
- Parking Driveway
- On Street, See Remarks
- Lot Description
- Near Shopping, Near Train, Business District
- Water
- Public
- Levels
- 1
- Heat Fuel
- Forced Air
- Cooling
- Central Air
- Water Sewer
- Public Sewer
- Interior
- See Remarks
- Roof
- See Remarks
- Parking Spaces
- 1
- Stories
- 1
- Show Address
- Yes
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Listing courtesy of WEICHERT CO REALTORS.
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