Versatile Commercial Property on 7
240 Meriden Road, Lebanon, NH 03766
Commercial For Sale - Lebanon, NH
Property size:
3,700 SFLot size:
6.90 AcresPrice / SF:
$432/SF- Added:
- Jan 23, 2026
- Days on Market:
- 107
- Last Refresh:
- May 10 at 2:06 am
Property Features for 240 Meriden Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-2 w/grandfather rights
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 3,700 SF
- Lot size
- 6.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 24065
Building Details
- Year built
- 1955
- Number of units
- 3
- Roof type
- Membrane
- Architectural style
- Other
Listing agent James Ward (603) 448-8000
Listing office Equity Group Real Estate Broker Inc. 264 Lafayette Rd #10, Suite 103, NH (603) 448-8000
Listing date Jan 23, 2026
MLS# 5074880
Listing URL
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HighLights
- Extensive road frontage (734 feet on Rt. 120, 300 feet on Storrs Hill Rd) suitable for subdivision or commercial buildings.
- Multiple buildings totaling over 11,000 sf with various uses. Main building, barn, and repair/storage building provide space for office, display, showroom, repairs, and storage.
- Flexible grandfather use rights allowing for multiple uses.
- Potential for conversion to multi‑tenant income property with a projected 8% cap rate.
- Ample paved parking and good road visibility from a corner lot location.
- Well‑maintained buildings with newer roofs and heating systems.
Overview
This commercial property features offices, display areas, a showroom, repair facilities, and storage space. Situated on 7 acres, the property offers extensive road frontage, potentially allowing for subdivision into house lots or additional commercial buildings. The main building spans two levels, with 3700 square feet on the ground level suitable for office and product display, benefiting from good street visibility. The lower walk-out level provides an additional 1260 square feet for storage and repair purposes. A post and beam barn, in very good condition with drive-through access and good road visibility, offers 4800 square feet of unheated space. A separate repair/storage building provides 2160 square feet. All buildings are well-maintained, with newer roofs and heating systems. The property benefits from flexible grandfather use rights, allowing for multiple uses. It features 734 feet of frontage on Route 120 and 300 feet on Storrs Hill Road, along with ample paved parking. The property backs up to a natural area along Great Brook. According to the town map, no wetlands or flood plain are present. Located 2 miles south of the town center, the property is zoned R3, residential, with 100 feet of frontage and 40,000 square feet, suitable for a single-family home with an accessory dwelling unit, or conversion to a multi-tenant income property, with a projected 8% cap rate at market rates.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Keene Medical Products ...
Medical Supply Store
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Grafton
- State
- New Hampshire
- Longitude
- -72.2341258
- Latitude
- 43.6263287
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use commercial property with road frontage and multiple buildings.
Where is this mixed-use property located?
The property is located at 240 Meriden Road Lebanon, NH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Extensive road frontage (734 feet on Rt. 120, 300 feet on Storrs Hill Rd) suitable for subdivision or commercial buildings.; Multiple buildings totaling over 11,000 sf with various uses. Main building, barn, and repair/storage building provide space for office, display, showroom, repairs, and storage.; Flexible grandfather use rights allowing for multiple uses.
