5 Edwards St - 8.8 acres- Gateway location, I-89 visible. 8.8 Acres of Commercial Land Offered at $4,990,000 in Lebanon, NH 03766

8.8 Acres at the Lebanon/Hanover Gateway with the 100% location. This is the best and only site in Lebanon with such exposure. Subject site has extensive frontage on Rt. 120 and I-89 with full visibility. A rare level, dry and prepared site. Potential uses include: hotel, office, R&D, Mfg, some residential. Anticipated General Commercial zone (GC1) has been delayed until around Spring 2027. GC would allow most uses by right including mixed commercial/residential. Price has been reduced by $1.5M for a sale prior to rezoning. Just 3 Miles to Dartmouth Medical Center. 9600 employees currently with 250 hires each year. Hanover (Dartmouth College) is among highest income and housing in NH. There is virtually no room for commercial or residential expansion in Hanover making housing for College and Hospital employees difficult and puts this area in path of growth and close proximity to 4 season recreational amenities and shopping. 40,000 VPD I-89, 24,000 on Rt. 120. Access is just off the highway via a side road at a signalized intersection. The entrance is town maintained and serves primarily the subject site. Owner has invested $1.6M in site work and engineering. Pad ready and level. In addition, there are 2000 linear feet of onsite interior of paved roads, water/sewer lines and electric/cable lines at an estimated cost of $700,000. Lebanon has adequate sewer and water capacity for the anticipated build out. 8-12” gravity sewer main lines run through the property. 12” water main. Interior road water lines are 6”. These substantial site improvements greatly lower the effective cost per acre. The regional planning commission study indicates 4000 additional units are needs in market area in next 10 years. In 2008 Forbes named Lebanon least vulnerable mid-sized city to recession in the nation. There are no wetlands per engineer’s report. Site is partially in USGS 100 yr. flood plain. Site specific engineering for the adjacent property indicates the limit of the flood plain is 0-6 inches from the current elevation This is the number one location for a high-profile building. Ideal for a Flagship hotel with the best visibility possible. Or for a high-end company seeking a prestigious site.