174 Hanover St
Lebanon, NH 03766
133 ac on I-89. mixed use in fill · Land For Sale · 133.00 AC

133 acres zoned multi-family & office, with a retail component. ? Up to 400 units with PUD and density bonuses, plus up to 80,000 SF commercial with some limitations. ? The last remaining site of significant size and zoning in this hot corridor of Rt. 120 due to limited zoning and prevalent mountainous terrain. And the only commercial site in market with Interstate frontage and visibility. ? Just 2 Miles to Dartmouth Medical Center and 3 business parks, hotels, etc. 5 Miles to Dartmouth College. ? Dartmouth announces $130M, 200,000 SF hospital expansion, adding an additional 300 employees. ? The Upper Valley is the most significant medical and biotech center in NE outside of Cambridge. Providing a recession proof, stable, and highly educated market. Further indicated by Forbes 2010 study “Lebanon is least vulnerable to recession in US for mid-size cities”. ? Strong housing demand demonstrated in several independent surveys. ? Some historic significance. This site once produced bricks in large kilns, which remain. ? The best site amenities in the market- 2000 ft. Interstate frontage, adj. to 2000 ac open space, clean 5 acre pond with outlet stream running through, across the street from schools, adjacent to downtown core area, various terrain for views of the pond and area hills ? Possible complimentary uses: park n ride, transportation hub/terminal for private and public lines (identified as best site in 2015 study), open space sharing with school, town, solar array. Some possibility of reconnecting Hanover St over I-89 replacing the pedestrian bridge to solve the bottle neck at the exit, enhancing the accessibility and uses (hotel site?). Under NHDOT study now. Identified site by city for fire/safety facility. ? Some engineering available. 2019 phase one available. ? Land cost about 1/3rd of Seacoast with sales equal on per SF basis. ? NO CURRENT USE PENALTY. A savings of 10% of the assessed value of the approved project ? Offering flexible terms, possible JV to qualified parties