50 Acres Development
For Sale
$995,000
Pending
24 Labombard Rd, Lebanon, NH 03766
50 acres near Dartmouth Medical Center, zoned for commercial/multifamily.
Property Size1,400 SF
Lot Size50.60 Acres
Days on Market153
Property Features for 24 Labombard Rd
General Information
Standard status
Pending
Size
1,400 SF
Lot size
50.60 Acres
Property subtype
Commercial
Building Details
Building Size
1,400 SF
Year Built
1977
Listing Agency:
Equity Group Realtors
(603) 448-8000
Listed By:
James Ward · License #4786
(603) 448-8000
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Group Realtors
Investment Insights
Based on property information with market context.
This 50-acre property includes 8 acres zoned for commercial and multifamily use within a 3-acre development envelope. Located 3 miles from Dartmouth Medical Center and Centerra Business Park, it offers convenient access to downtown, schools, and an airport shuttle. AI projections suggest potential for up to 200 units or 100,000 square feet with surface parking. Permitted uses include hotel, research and development, industrial, and multifamily housing, subject to planning board review. The zoning allows for a 55-foot height and 30% lot coverage, with dual-use parking to maximize build-out potential. The area is home to Dartmouth spin-off companies in the medical, biotech, and pharmaceutical sectors. A housing study indicates a need for 4,000 additional units. This rare, close-in location includes existing utilities. It is 5 miles from Hanover and Dartmouth College. The average 2-bedroom rent in the area is $2,800, and the median home value in Hanover is $988,000. The property is situated in an area experiencing growth, with a need for proper infrastructure, retail services, and recreational amenities. The land has a westerly slope and includes an existing 3-bedroom house. Additional land is available for timber, open space, and green space. The city was named by Forbes in 2008 as the number one least vulnerable mid-size city in the US.
Key Highlights
- 8 Acres zoned Commercial/Multifamily in a prime location.
- Rare close‑in location with utilities, just 3 miles to Dartmouth Medical Center and Centerra Business Park.
- AI projected up to 200 units or 100,000 sf with surface parking.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 03766, NH
9,838
Population
5,346
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
95%
High-School Grad
32.0 sq mi
ZIP Area
307
Density / Sq Mi
$96,642
Median Household Income
$53,441
Median Earnings
$1,860
Median Rent
$348,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 50 acres near Dartmouth Medical Center, zoned for commercial/multifamily.
Where is this commercial land located?
The property is located at 24 Labombard Rd Lebanon, NH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8 Acres zoned Commercial/Multifamily in a prime location.; Rare close‑in location with utilities, just 3 miles to Dartmouth Medical Center and Centerra Business Park.; AI projected up to 200 units or 100,000 sf with surface parking.
