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    15 Lebanon St Hanover, NH 03755

    Sponsored
    For Sale
    $3,250,000

    Upscale space, prime downtown location.

    Property size:
    5,262 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    15 Lebanon Street presents a rare opportunity to acquire a landmark Hanover property. This meticulously renovated building, boasting 5,262 square feet on a 0.09-acre lot, offers exceptional versatility. Its rich history, spanning nearly 150 years, includes a prominent role as a community gathering place and a beloved upscale clothing store. The interior features spacious, elegant open areas on both the main and second floors, complemented by more intimate spaces. A dramatic central staircase and a light-filled atrium skylight create a stunning architectural focal point. The adaptable layout is ideal for a variety of uses, including retail, office, studio, culinary, event spaces, or even residential conversion. The raised lower level, historically occupied by successful cafes and restaurants, provides additional potential. Significant upgrades, including updated building mechanicals and HVAC systems, were completed during the 1990s renovation. This prime downtown location offers unparalleled convenience, with easy walking access to all Hanover amenities and situated directly across the street from Dartmouth College's Hopkins Center and Black Family Visual Arts Center. Priced at $3,250,000, this property represents a unique investment in a thriving community.

    Property Features for 15 Lebanon St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,262 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1880
    Property Profile Location Intelligence

    Current Use by Public Records

    Grassroot Soccer Non-Profit Organization Vocate Employment Agency Duende Tapas Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Grafton
    State
    New Hampshire
    Longitude
    -72.28766
    Latitude
    43.70075

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    FAQs

    What type of property is this?
    Commercial real estate - Upscale space, prime downtown location.
    Where is this commercial real estate located?
    The property is located at 15 Lebanon St Hanover, NH.
    What is the asking price?
    The asking price for this property is $3,250,000.
    (603) 443-0044
    Request Owner's contact information
    15 Lebanon St Hanover, NH 03755
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Lebanon St Hanover, NH 03755
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