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