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Property profile & analytics
FOR LEASE
Commercial real estate

221 W Hanover St Trenton, NJ 08618

6,218 SF 0.07 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-1448208
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
221 East Hanover LLC · 4 yrs held
221 East Hanover LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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