15 Lebanon St Hanover, NH 03755
- Retail properties
- 5,262 SF
- 0.09 lot acres
Current Use by Public Records
- Grassroot Soccer / Non-Profit Organization
- Vocate / Employment Agency / Software Company
- Duende / Tapas Bar
Property Details for 15 Lebanon St
- Year built
- 1880
- Construction
- FRAME
- Lot size
- 0.09 lot acres
- Property size
- 5,262 SF
- Zone code
- D1
- Property type
- Retail properties
- APN
- HNOV M:034 B:041 L:001
- APU
- HNOVM034B041L001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $610,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $620,000
- 7%
- $615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $615,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $635,000
- Mixed-Use
- $485,000
- Hospitality
- $605,000
- Educational
- $595,000
- Residential Income
- $545,000
- Energy
- $645,000
- Income-Based Land
- $590,000
- Food Service
- $630,000
Location Insight
- Map
- Local Demand
- City
- Hanover
- County
- Grafton
- State
- New Hampshire
- Longitude
- -72.2876
- Latitude
- 43.7007
- CBSA code
- 30100
- CBSA name
- LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA