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    139 W Town St Lebanon, CT 06249

    For Sale
    $921,000

    34-acre commercial-agricultural property with renovated barn and antique colonial.

    Lot size:
    33.36 Acres

    Property Features for 139 W Town St

    General Information

    Lot size
    33.36 Acres

    Source: BHHS - New England Properties | Colchester Agent Carolyn Kress

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lebanon Farmland with Event Barn

    Located in Lebanon, CT, this 34-acre commercial-agricultural property is across from the Town Green. It features income-producing farmland and a renovated barn suitable for events. The land is fertile and currently used for hay production and vineyards, with potential for livestock, equestrian use, specialty crops, or agritourism. The property is zoned for agricultural use with potential overlays, subject to town approval. It is positioned for farming operations, farm-to-table enterprises, or vineyard/winery development. The renovated 1,244 sq ft event barn can seat 50-60 guests and includes a 1,344 sq ft patio with rural views. This facility is suited for weddings, retreats, farm markets, tastings, or private functions. There is also a 1,856 sq ft Antique Colonial, circa 1700, with 3-bedrooms, offering residential or office space potential, staff housing, or guest accommodations.
    Location Intelligence

    Current Use by Public Records

    Independence Vineyard Vineyard

    Suggested Use

    Restaurant Realty agency Gym & Fitness Department Store Food Market Grocery Store Electrical Service Bakery Veterinary Clinic Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    New London
    State
    Connecticut
    Longitude
    -72.217125
    Latitude
    41.637634

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    FAQs

    What type of property is this?
    Farm - 34-acre commercial-agricultural property with renovated barn and antique colonial.
    Where is this farm located?
    The property is located at 139 W Town St Lebanon, CT.
    What is the asking price?
    The asking price for this property is $921,000.
    What are key features of this property?
    This property features: - 34-acre property featuring income-producing farmland and a renovated event barn.; - Renovated 1,244 sq ft event barn with a 1,344 sq ft patio, comfortably seating 50-60 guests.; - Prime location directly across from the historic Lebanon, CT Town Green.
    (860) 908-4716
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    139 W Town St Lebanon, CT 06249
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    Lebanon, CT 06249
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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

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    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
    139 W Town St Lebanon, CT 06249
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