Mixed-Use Property with Three
For Sale
$1,600,000
240 Meriden Rd, Lebanon, NH 03766
Flexible commercial compound with office, showroom, service, storage, and receiving areas across multiple buildings.
Property Size11,920 SF
Lot Size7.00 Acres
Price / SF$134.23
Days on Market72
Property Features for 240 Meriden Rd
General Information
Standard status
Active
Size
11,920 SF
Lot size
7.00 Acres
Property subtype
Multi-Family
Zoning
R3
Additional Details
Asking Price
$1,600,000
Road Access
Yes
Building Details
Year Built
1950
Buildings
3
Abandoned
No
Listing Agency:
Equity Group Real Estate Broker Inc.
Listed By:
James Ward · License #4786
(603) 448-8000
Source:
603luxury
Added: Aug 4
Changed: Oct 3
Last Checked: Oct 7 at 1:49PM
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 Real Estate Broker Inc.
Investment Insights
Based on property information with market context.
This mixed-use property comprises 3 buildings on 7 acres, with a range of commercial improvements suited to office, display, retail showroom, service, repair, receiving, and storage functions. The main building has two levels, while a post-and-beam barn includes drive-through access. A separate structure provides additional repair and storage space, and the site includes an ample paved parking area.
The property occupies a corner location at 240 Meriden Rd in Lebanon, with access and exposure along Rt. 120 and Storrs Hill Rd. It is approximately 2 miles south of the town center and backs up to Great Brook. The property is zoned R3, and the source information identifies flexible grandfather use rights. Buildings were constructed in 1950 and are described as updated.
The property occupies a corner location at 240 Meriden Rd in Lebanon, with access and exposure along Rt. 120 and Storrs Hill Rd. It is approximately 2 miles south of the town center and backs up to Great Brook. The property is zoned R3, and the source information identifies flexible grandfather use rights. Buildings were constructed in 1950 and are described as updated.
Key Highlights
- 7‑acre mixed‑use property with 3 commercial buildings
- Office, display, retail showroom, service, repair, receiving, and storage areas
- Post‑and‑beam 4800 2‑story barn with drive‑through access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,168
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,883,360
$2.9M
Cap Rate 7%
$2,059,543
$2.1M
Cap Rate 9%
$1,601,867
$1.6M
Market Conditions
NOI Build-Up for 11,920 SF
Gross rent
$221.7K $18.60/SF
− Vacancy
−$29.5K −$2.47/SF
EGI
$192.2K $16.13/SF
− OpEx
−$48.1K −$4.03/SF
NOI
$144.2K $12.09/SF
Area
Grafton County, NH
Vacancy
13.30%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,883,360
Cap Rate 7%
$2,059,543
Cap Rate 9%
$1,601,867
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $144,168 @ 7.0% cap · market cap 9.01%
Second Best
Flex RnD
$1.87M
$1.64M – $2.18M
NOI $130,910 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,543 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial compound with office, showroom, service, storage, and receiving areas across multiple buildings.
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: 7‑acre mixed‑use property with 3 commercial buildings; Office, display, retail showroom, service, repair, receiving, and storage areas; Post‑and‑beam 4800 2‑story barn with drive‑through access
