214 Broad StTrenton, NJ 08608

  • Commercial real estate
  • 18,471 SF
For Lease
$18/SF/YR View listing

Property Details for 214 Broad St

Year built
1950
Construction
BRICK
Lot size
0.35 AC
Property size (Sq ft)
18,471 SF
Property type
Commercial real estate
APN
11 09501-0000-00004
APU
1109501000000004

Description

This exceptional first-floor commercial space, totaling 6,000 square feet, is situated in a high-traffic area of Trenton's central business district, just a block from the Mercer County Courthouses. The property is part of a three-story building and offers excellent visibility for retail businesses, with ample window display opportunities. Alternatively, the space is perfectly suited for office use, offering a substantial footprint for a variety of business needs. The space is divisible into 1,500-square-foot units, providing flexibility for tenants seeking smaller footprints. A significant advantage is the availability of convenient rear parking for tenants, a rare commodity in this location. The property boasts exceptional accessibility to major transportation arteries, including Routes 1 and 29, ensuring easy commutes for employees and clients. The location benefits from a high volume of foot traffic and a substantial daytime population increase, creating a vibrant and active environment. Furthermore, the property's proximity to numerous local banks, restaurants, and the historic Mill Hill Park enhances its appeal and provides amenities for tenants and their employees. This is a unique opportunity to secure a prominent commercial space in a thriving Trenton location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,495,436
    Hospitality
    $3,201,800
    Educational
    $2,663,860
    Medical
    $2,755,474
    Retail
    $4,143,782

Location Insight

City
Trenton
County
Mercer
State
New Jersey
Latitude
40.2163
Longitude
-74.762
CBSA code
45940
CBSA name
TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$22,007
$317,700
$85,500
$403,200
-
$317,700
$85,500
$403,200

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