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fomer Keene Medical Supply and offices 240 Meriden Rd 14,540 SF Flex Building Lebanon, NH 03766 $1,600,000 ($110.04/SF) 7.25% Cap Rate
Executive Summary
Mixed use with 3 buildings on 7 acres. Currently occupied by tenant Medical Equipment sales, repairs company until June 2026. Occupancy negotiable. 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. Very good condition. Multiple uses under flexible grandfather use rights. Extensive road frontage for subdivision potential. (see map) 734 feet on Rt. 120. 300 feet on Storrs Hill Rd. Ample paved parking area.
Property Facts
| Price | $1,600,000 | Lot Size | 6.90 AC |
| Price Per SF | $110.04 | Rentable Building Area | 14,540 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 7.25% | Year Built/Renovated | 1960/2020 |
| Property Type | Flex | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.72/1,000 SF |
| Zoning | Comm via grandfathered - R-2. commercial uses allowed via flexible grandfather rights. as residential 1 ac, 75 ft. rd frontage. | ||
| Price | $1,600,000 |
| Price Per SF | $110.04 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.25% |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 6.90 AC |
| Rentable Building Area | 14,540 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Tenancy | Single |
| Parking Ratio | 1.72/1,000 SF |
| Zoning | Comm via grandfathered - R-2. commercial uses allowed via flexible grandfather rights. as residential 1 ac, 75 ft. rd frontage. |
Utilities
- Lighting - Fluorescent
- Water - City
- Heating - Gas
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Property Taxes
| Parcel Number | 137-1 | Improvements Assessment | $463,500 |
| Land Assessment | $494,800 | Total Assessment | $958,300 |
Property Taxes
Parcel Number
137-1
Land Assessment
$494,800
Improvements Assessment
$463,500
Total Assessment
$958,300
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fomer Keene Medical Supply and offices | 240 Meriden Rd
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