Property profile

221 W Hanover St Trenton, NJ 08618

FOR LEASE
Commercial real estate
Property ID
US59-1448208
6,218 SF 0.07 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional three-story Class B office building, located at 221 W. Hanover Street in Trenton, New Jersey, offers 40,000 square feet of versatile space, currently entirely vacant and available for lease. The building features a single structure with a total of 48 parking spaces, providing ample convenience for tenants and their clients. The property is ideally suited for a variety of executive office uses, offering the potential for a single large tenant to occupy the entire 40,000 square feet, or for multiple tenants seeking smaller spaces. While the maximum contiguous space available is 15,000 square feet, flexible lease terms can be negotiated to accommodate various needs. The building's location in Trenton, NJ, zip code 08618, provides easy access to major transportation routes and amenities. This presents a unique opportunity to secure a substantial and well-maintained office building in a strategic location. The property's size and layout offer significant flexibility for businesses seeking to establish a prominent presence in the Trenton market. With its ample parking and convenient location, this property is an attractive option for companies seeking a high-quality office environment. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction BRICK
Total area 6,218 SF
Lot 0.07 ac (3,025 SF)
Zoning code HIST
APN 11 00605-0000-00015
UPID US59-1448208

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

221 W Hanover St Trenton, NJ 08618
Trenton metro Census 900 TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2022
Last sale
$350,000
5 recorded transactions
2022
Price N/A
2022
$350,000
2019
$230,000
1993
$100,000
1969
Price N/A

Zoning & alternative use

HIST · Trenton, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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