15 Lebanon StHanover, NH 03755

Property Details for 15 Lebanon St

Year built

1880

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,410,922

  6.5%

  $1,302,390

  7%

  $1,209,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,734,920

  Geo Method

  $1,732,583

• Alternative Use

  Use

  Valuation

  Residential

  $1,098,615

  Hospitality

  $1,006,325

  Educational

  $837,251

  Medical

  $866,045

  Retail

  $1,302,390

Location Insight

City

Hanover

County

Grafton

State

New Hampshire

Latitude

43.7007

Longitude

-72.2876

CBSA code

30100

CBSA name

LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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