240 Meriden Rd - Flex FOR SALE


Lebanon, NH 03766
$1,600,000 USD
603-448-8000
240 Meriden Rd, Lebanon, NH for Sale
$1,600,000 USD
Flex - FOR SALE
1/21
null | 7.25% Cap Rate

240 Meriden Rd
Lebanon, NH 03766


HIGHLIGHTS

  • 7 acres. 3 bldgs. 1200 rd frontage-
  • showroom office repairs complex.
  • subdivision potential for house lots
  • ideal mixed use income property. projected 8% cap

OVERVIEW

Offices, display, showroom, repairs, storage. Extensive road frontage for subdivision of house lots and or commercial buildings. On 7 acres, frontage at road grade. 3 buildings. Main building - 2 levels. Ground level 3700 sf. office and product display. Good street visibility. 1260 SF lower walk out. Storage and repair. Post and beam barn in very good condition. Drive thru access. Good road visibility, unheated, 4800 sf. Corner lot location. Repair/storage building 2160 sf. All well maintained, newer roofs, heating, etc. Multiple uses under flexible grandfather use rights. 734 feet on Rt. 120. 300 feet on Storrs Hill Rd. Ample paved parking area. Natural area backs up to Great Brook. No wetlands observed, No flood plain per town map. 2 miles south of center of town. R3 zone. Residential. 100 ft. frontage, 40k sf. Single family with ADU. Convert to multi tenant income property. projected 8% cap at market rates.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

fomer Keene Medical Supply and offices

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

UTILITIES

Lighting - Fluorescent, Gas, Water - City, Sewer, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

6.9

LAND SF

300,564

ZONING

Comm via grandfathered

APN/PARCEL ID

137-1

ASK ABOUT THIS PROPERTY

James Ward GRIEquity Group Real Estate Broker, Inc.More Info
603-448-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

James Ward GRIEquity Group Real Estate Broker, Inc.More Info
603-448-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.