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    221 Hanover St Trenton, NJ 08618

    Sponsored
    For Lease
    $21 SF/Yr

    40,000 SF Office Building Available

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 221 Hanover St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Class
    B
    Total Rate
    71666.67

    Building Details

    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 01
    Size
    40,000 SF
    Rate per SF
    $21

    HighLights

    • Solar Panel Roof
    • Backup Generator
    • Heavy Power Supply
    • 48 Parking Spaces on the First Floor
    • 15,000 SF Floor Plates
    • Annual Property Taxes: $192,208.41
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -74.77252
    Latitude
    40.2226765

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    FAQs

    What type of property is this?
    Office Property / Space - 40,000 SF Office Building Available
    Where is this office property / space located?
    The property is located at 221 Hanover St Trenton, NJ.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Solar Panel Roof; Backup Generator; Heavy Power Supply
    Request Owner's contact information
    221 Hanover St Trenton, NJ 08618
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    Trenton, NJ 08618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Hanover St Trenton, NJ 08618
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