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Property profile & analytics
OFF-MARKET Estimated value $880,000
Retail properties & Spaces

15 Lebanon St Hanover, NH 03755-2194

5,262 SF 0.09 ac lot Built 1880
Entity Owned ~ Est. High Equity
Property ID
US58-0357073
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1880
Construction FRAME
Total area 5,262 SF
Lot 0.09 ac (3,990 SF)
Zoning code D1
APN HNOV M:034 B:041 L:001
UPID US58-0357073
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Grassroot Soccer Charitable Organization Social Service Agency
  • Vocate Employment Agency
  • Duende Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
$865k
Comparable Approach Comparable
$721k
Blend (final) Blend
$880k
Owner & transaction history
15 Lebanon Street INC
15 Lebanon Street INC
since 2025
2 recorded transactions
2025
$2.6M
2020
Price N/A
Zoning & alternative use
D1 · Hanover, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +22.8%
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