Mixed-Use Property with 3
New
For Sale
$1,600,000
240 Meriden Rd, Lebanon, NH 03766
Updated commercial campus combining offices, showroom space, repair areas, storage, and flexible grandfathered uses.
Property SizeContact for details
Lot Size7.00 Acres
Days on Market5
Property Features for 240 Meriden Rd
General Information
Standard status
Active
Lot size
7.00 Acres
Property subtype
Investment
Zoning
R3
Additional Details
Road Access
Yes
Building Details
Year Built
1950
Buildings
3
Units
3
Listing Agency:
The Equity Group of New London, Inc.
(603) 448-8000
Listed By:
James Ward · License #4786
(603) 448-8000
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 6 at 7:59AM
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 The Equity Group of New London, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property at 240 Meriden Rd includes three updated commercial buildings on 7 acres. The main building provides two levels, with 3,700 square feet of office and product-display space at ground level and a 3,700-square-foot lower walk-out area used for storage and repair. A 4,800-square-foot, two-story post-and-beam barn includes drive-through capability, while a separate 2,160-square-foot building supports repair and storage functions.
The property occupies a corner location with road-grade frontage, an extensive paved parking area, and access from Route 120 and Storrs Hill Road. A natural area adjoining Great Brook borders the rear of the site. The property is zoned R3, lies 2 miles south of the town center, and is described as outside the flood plain with no wetlands observed per the town map. Flexible grandfathered use rights are identified for the buildings, and the projected cap rate is 10.5%.
The property occupies a corner location with road-grade frontage, an extensive paved parking area, and access from Route 120 and Storrs Hill Road. A natural area adjoining Great Brook borders the rear of the site. The property is zoned R3, lies 2 miles south of the town center, and is described as outside the flood plain with no wetlands observed per the town map. Flexible grandfathered use rights are identified for the buildings, and the projected cap rate is 10.5%.
Key Highlights
- Three‑building mixed‑use property on 7 acres
- Main building includes 3,700 SF of office and display space plus a 3,700 SF lower walk‑out
- 4,800‑square‑foot two‑story post‑and‑beam barn with drive‑through capability
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial campus combining offices, showroom space, repair areas, storage, and flexible grandfathered uses.
Where is this mixed-use property located?
The property is located at 240 Meriden Rd 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: Three‑building mixed‑use property on 7 acres; Main building includes 3,700 SF of office and display space plus a 3,700 SF lower walk‑out; 4,800‑square‑foot two‑story post‑and‑beam barn with drive‑through capability
