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220 Hanover St Trenton, NJ 08608

For Sale
$450,000

Prime Downtown Trenton Multi-Family

Property size:
4,151 SF

Description

Added:
Feb 3, 2025
Days on Market:
314
This exceptional mixed-use property at 220 E Hanover Street, Trenton, NJ, presents a compelling investment opportunity. The 4,151 square foot building sits on a 0.06-acre lot in a prime downtown location, just one block from the New Jersey State Capitol Building. Currently, four of the five units are occupied, offering immediate cash flow. The property features a diverse unit mix: one studio, three one-bedroom units, and one two-bedroom unit. A sizable basement unit provides additional storage space, with potential for rental income or owner use. All leases have expired, providing the new owner with the flexibility to increase rental rates to reflect current market values. The convenient location offers tenants easy access to public transportation, being a short walk from the train station. The building's versatility allows for various uses and potential renovations. The seller covers water and sewage costs, while tenants are responsible for electricity and heating. This turnkey investment is priced at $450,000 and is ready for immediate occupancy and potential upgrades. Don't miss this chance to acquire a valuable asset in a thriving downtown area.

Property Features for 220 Hanover St

General Information

Property type
Mixed-use properties
Square Feet
4,151 SF
Lot Size
2,614 SF

Building Details

Year Built
1950

Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Trenton
County
Mercer
State
New Jersey
Longitude
-74.76124
Latitude
40.22153

FAQs

What type of property is this?
Mixed-use property - Prime Downtown Trenton Multi-Family
Where is this mixed-use property located?
The property is located at 220 Hanover St Trenton, NJ.
What is the asking price?
The asking price for this property is $450,000.
More about this property
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