
Lebanon, NH24 Labombard Road
Price$995,000
MLS Number 5053464
- Commercial
- PricePerSqFt 710.71
- Address 24 Labombard Road
- Year Built 1977
- Square Feet 1,400
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 include multi family, hotel, with accessory retail. Multi family high potential for additional commercial uses. 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
Listed by James Ward of Equity Group Real Estate Broker Inc.
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