Freestanding Restaurant
For Sale
$2,000,000
101 Paterson Street, New Brunswick, NJ 08901
Fully built-out restaurant property with private parking, commercial kitchen, bar, and indoor-outdoor seating.
Property Size4,186 SF
Price / SF$477.78
Days on Market127
Property Features for 101 Paterson Street
General Information
Standard status
Active
Size
4,186 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
No
Building Details
Year Built
1907
Buildings
1
Abandoned
No
Listing Agency:
Signature Realty NJ
Listed By:
Amanda Cruz
(973) 921-1111
Source:
Actionplusrealty
Added: Jul 2
Changed: Nov 5
Last Checked: Nov 4 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Realty NJ
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Investment Insights
Based on property information with market context.
This freestanding restaurant building at 101 Paterson Street includes a fully built-out commercial kitchen, bar, indoor and outdoor seating, and a private upstairs party room. The property also includes a 50-seat bar and restaurant equipment owned by the property owner, which will remain with the building. The offering is for the real estate only; the operating business is not included.
The property is situated in New Brunswick between RWJUH, the courthouses, a parking deck, and the train. Current occupants operate under month-to-month leases and have indicated that they would sign a longer-term lease. The existing lease arrangement is structured as triple net, with tenants covering taxes.
The property is situated in New Brunswick between RWJUH, the courthouses, a parking deck, and the train. Current occupants operate under month-to-month leases and have indicated that they would sign a longer-term lease. The existing lease arrangement is structured as triple net, with tenants covering taxes.
Key Highlights
- Freestanding restaurant building with 4,186 SF
- Fully built‑out commercial kitchen, bar, and restaurant areas
- 50‑seat bar plus indoor and outdoor seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,016
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,320
$1.3M
Cap Rate 7%
$914,514
$914.5K
Cap Rate 9%
$711,289
$711.3K
Market Conditions
NOI Build-Up for 4,186 SF
Gross rent
$90.4K $21.60/SF
− Vacancy
−$5.1K −$1.21/SF
EGI
$85.4K $20.39/SF
− OpEx
−$21.3K −$5.10/SF
NOI
$64.0K $15.29/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,320
Cap Rate 7%
$914,514
Cap Rate 9%
$711,289
Alternative Uses
Best Use
Specialty Retail
$914.5K
$800.2K – $1.07M
NOI $64,016 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$671.2K
$587.3K – $783.1K
NOI $46,985 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$1.09M
$956.4K – $1.28M
NOI $76,513 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,591
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Groceries 20%
Shops & Services 18%
Electronics 8%
Starbucks
Dining
15,804 visits/mo
0.3 miles
honeygrow
Dining
11,102 visits/mo
0.3 miles
Bravo Supermarkets
Groceries
9,494 visits/mo
0.4 miles
TD Bank
Shops & Services
6,645 visits/mo
0.2 miles
Shell
Shops & Services
5,478 visits/mo
0.4 miles
Demographics for 08901, NJ
56,278
Population
17,071
Households
3.3
Avg Household Size
27
Median Age
24%
College-Educated
66%
High-School Grad
6.3 sq mi
ZIP Area
8,933
Density / Sq Mi
$60,248
Median Household Income
$25,192
Median Earnings
$1,790
Median Rent
$316,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built-out restaurant property with private parking, commercial kitchen, bar, and indoor-outdoor seating.
Where is this conventional restaurant located?
The property is located at 101 Paterson Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Freestanding restaurant building with 4,186 SF; Fully built‑out commercial kitchen, bar, and restaurant areas; 50‑seat bar plus indoor and outdoor seating
