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120 S Main St 2,408 SF 100% Leased Office Building West Lebanon, NH 03784 $549,000 ($227.99/SF) 8.42% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High traffic count, major frontage and exposure in the Upper Valley's busiest business, retail corridor.

EXECUTIVE SUMMARY

Seller will entertain a leaseback or potential move to another unit if a unit is available. Seller needs time to relocate office if leaseback is not an option. Prime Commercial Property on Route 12A – West Lebanon, NH. Excellent location with direct access and prominent signage on Route 12A (South Main Street), with two curb cuts and adjacent to the bus stop, in the heart of West Lebanon's retail and business corridor. Positioned directly in front of Hannaford, next to Jiffy Lube, and across from Glen Road Plaza, this high-visibility property benefits from heavy traffic flow and strong neighboring anchors. Ample parking with approximately 16 spaces. Currently configured with 5 tenant units: 2 on the first floor, 3 on the second. All tenants are on month-to-month or annual gross leases. Newer roof and updated heating system. Separate electric meters for all units (except Units 4 and 5, which share one meter). Private half baths in all units; Unit 1 features a 3/4 bath. Shared kitchenette and handicapped access between Units 1 and 2. Units 4 and 5 share a common waiting room/hallway. Flexibility for Owner-Users: The main tenant in Unit 1 is open to vacating with appropriate notice, allowing for the relocation to an alternate suitable location, allowing for a potential owner-occupied scenario or reconfiguration on the first floor. This is a versatile investment or owner-user opportunity in a highly desirable, high-traffic location. Shown by appointment only, detailed income and expenses available. The owners are licensed NH Real estate agents.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $46,200 $19.19
Other Income - -
Vacancy Loss - -
Effective Gross Income $46,200 $19.19
Taxes $12,425 $5.16
Operating Expenses $13,325 $5.53
Total Expenses $25,750 $10.69
Net Operating Income $20,450 $8.49

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual $46,200
Annual Per SF $19.19
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $46,200
Annual Per SF $19.19
Taxes
Annual $12,425
Annual Per SF $5.16
Operating Expenses
Annual $13,325
Annual Per SF $5.53
Total Expenses
Annual $25,750
Annual Per SF $10.69
Net Operating Income
Annual $20,450
Annual Per SF $8.49

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,408 SF
Building Class
B
Year Built/Renovated
1850/2007
Price
$549,000
Price Per SF
$227.99
Cap Rate
8.42%
NOI
$46,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,204 SF
Building FAR
0.28
Lot Size
0.20 AC
Zoning
GC - General Commercial
Parking
16 Spaces (6.64 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Wheelchair Accessible

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LBAN-000101-000005
Land Assessment
$233,700 (2024)
Improvements Assessment
$268,900 (2024)
Total Assessment
$502,600 (2024)
Annual Taxes
$12,425 ($5.16/SF)
Tax Year
2025
  • Listing ID: 39030316

  • Date on Market: 1/9/2026

  • Last Updated:

  • Address: 120 S Main St, West Lebanon, NH 03784

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