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Listed by James Ward • Equity Group Real Estate Broker Inc.
$ 995,000
Est. payment /mo
Price Dropped by $595K
24 Labombard RD Lebanon, NH 03766
1,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $710
MLS Listing ID 5053464
Year Built 1977
Annual Tax Amount $9,437
Tax Year 2024
Lot Size 50.600 Acres
Acres 50.6
Property Description
50 Acres. 3 miles to Dartmouth Medical Center and Centerra Business Park (built out). Walk to downtown, school, or airport shuttle. 8 Acres zoned Light Industrial. With a 3-acre development envelope. Balance under conservation easement. Use open space for setbacks and open space requirement for higher build out. Uses by right include office, R&D, Warehouse. Possible uses as PUD or Planned Business park include multi family, hotel, with accessory retail. Area was scheduled for rezoning to General Commercial. Now delayed to Jan. 2027. Area was rezoned as GC-1 in early 2026. Was subsequently (anticipated to be ) temporarily rescinded for legal issue and reinstated. Redo vote has been tabled to Jan.2027. Master plan, prior staff and board comments indicate a consensus for GC. Due to delay owner drastically reduced for quick sale and your opportunity for high demand, low supply commercial land near College and Medical Center at a residential land price. Buy now at discount, hold for zoning revote or rezone now by petition for General Commercial uses. See table of proposed uses for GC-1 . Ind zone- 50% Building coverage, 65 ft. height. GC-1 residential density by planning board review. 3BR house and barn, dated, but good condition, in a nice private setting. Spin off, or keep for rental income. The additional 47 acres are sloping and wooded. Added value from extra privacy for an in-town location, and timber resources, AI projected build out of up to 200 dwelling units or 100,000 sf commercial SF with surface parking. (density by planning board review). 55 ft. height, 30% lot coverage. Dual use parking for increased build out. Lebanon/Hanover is a biotech hub from Dartmouth spin-off companies, Medical, Biotech, Pharm. Housing study calls for 4000 additional units. Average 2BR rent is $2800. Median Home Value Hanover $988k. High income, highly educated population. South of Campus is in the path of growth, with infrastructure, retail services and recreational
Location
State NH
County Nh-grafton
Area Nh-Grafton
Zoning Gc-1
Rooms
Basement Entrance Interior
Basement Full
Interior
Inclusions Land Only, Land/Building, Building
Exterior
Utilities Available Cable, Propane, Telephone Available
Building
Sewer 1500+ Gallon, Leach Field, Public Available, Public Sewer at Street
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Shayla Faye
REALTOR® | License ID: 072650