Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    221 Hanover St Trenton, NJ 08618

    For Sale
    $4,250,000

    40,000 SF Office, $4.25M, Vacant

    Property size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 40,000 square foot Class B executive office building at 221 W. Hanover Street in Trenton, New Jersey, presents a unique owner/user investment opportunity. The four-story building boasts expansive 15,000 square foot floor plates, ideal for a variety of corporate needs. Currently vacant, this property offers immediate occupancy and the chance to customize the space to perfectly suit your business requirements. A significant advantage is the secure, 48-space parking facility located conveniently beneath the building. The building's foundation is exceptionally robust, featuring 30-inch diameter caissons drilled into bedrock, ensuring structural integrity and stability. Further enhancing its appeal are the solar panel roof, a backup generator providing heavy power, and easy access to Route 29. Its location on the banks of the Delaware-Raritan Canal offers a desirable and picturesque setting. Annual property taxes are $192,208.41. This is a rare opportunity to acquire a substantial, well-equipped office building in a strategic Trenton location. The property's features, including its substantial parking and robust infrastructure, make it an attractive proposition for a discerning buyer.

    Property Features for 221 Hanover St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    40,000 SF
    Class
    B

    Building Details

    Stories
    4

    HighLights

    • Solar panel roof.
    • 15,000 SF floor plates.
    • Backup generator and heavy power.
    • 15,000 SF of under‑building parking; building foundation on bedrock caissons.
    • Annual property taxes: $192,208.41.
    • Excellent Route 29 access; Delaware & Raritan Canal frontage.
    Property Profile Insight Report 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

    Nearby Similar for Sale

    • $1,900,000
      1.19 Acres

      Trenton Commercial Property For Sale

      Highway Commercial property with great exposure and many possible uses.
      1010 Spruce Street Ext, Trenton, NJ 08648
      View Details
    • New
      $1,149,900
      Pending

      Spacious Colonial Home with Pool

      Five-bedroom Robbinsville home with office, pool, and finished basement.
      7 Anderson Ln, Robbinsville, NJ 08691
      View Details
    • Contact for pricing
      4.01 Acres

      Modern Office in Hamilton's Yorkshire

      Modern medical/professional office complex with ample parking and convenient location.
      1374 Whitehorse Hamilton Square Rd, Hamilton, NJ 08690
      View Details
    • $465,000

      Modern Office Space in Hamilton

      Modern medical/professional office space with ample parking and great location.
      1374 Whitehorse Hamilton Square Rd, Hamilton, NJ 08690
      View Details
    • New
      $780,000
      Pending

      Renovated Colonial in Yorkshire Community

      Luxury Colonial with modern updates, finished basement, and community amenities.
      98 Canal Vw Dr, Lawrence Twp, NJ 08648
      View Details
    • $289,000
      1,518 SF

      Two Trenton Homes on One Deed

      Two adjacent, well-maintained homes perfect for investors or owner-occupants.
      270-272 Hills Pl, Trenton, NJ 08611
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 40,000 SF Office, $4.25M, Vacant
    Where is this office property / space located?
    The property is located at 221 Hanover St Trenton, NJ.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Solar panel roof.; 15,000 SF floor plates.; Backup generator and heavy power.
    Request Owner's contact information
    221 Hanover St Trenton, NJ 08618
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    221 Hanover St
    Trenton, NJ 08618
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.