5 Edwards Rd Lebanon, NH 03255

This 8.8-acre commercial land is located at the Lebanon/Hanover Gateway. The property has extensive frontage and visibility on Route 120 and Exit 18 of I-89. It is zoned General Commercial (GC1), which allows most uses by right, including mixed commercial/residential developments. The zoning permits 30% building coverage, minimal setbacks, and a building height of up to 55 feet. The site is located 3 miles from Dartmouth Medical Center, in an area with high income and housing values. Traffic counts are approximately 40,000 vehicles per day on I-89 and 24,000 on Route 120. The owner has invested $1.6 million in site work and engineering, creating a pad-ready and level site. There are 2,000 linear feet of paved interior roads, as well as water, sewer, electric, and cable lines already installed on the property, with an estimated installation cost exceeding $700,000. Lebanon has adequate sewer and water capacity for the anticipated build-out, with 8-12 inch gravity sewer main lines and a 12-inch water main running through the property. Interior road water lines are 6 inches. Residential density is subject to planning board review, with a potential density of 13 units per acre under Planned Unit Development (PUD) guidelines, requiring 1.5 parking spaces per unit. This could potentially allow for 380-400 units. Commercial potential is 115,000 square feet, and office potential is 210,000-325,000 square feet. The location is near Dartmouth’s Bio and Medical startups, which are creating ongoing housing demand and high-paying jobs. A study indicates a need for 4,000 additional units in the market area over the next 10 years.