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Listed by James Ward • Equity Group Real Estate Broker Inc.
$ 995,000
Est. payment /mo
Under Contract
24 LaBombard RD Lebanon, NH 03766
50 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 5084234
Annual Tax Amount $9,437
Tax Year 2026
Lot Size 50.000 Acres
Acres 50.0
Property Description
50 Acres just 3 miles to Dartmouth Medical Center and Centerra Business Park (built out). 3 Acre building envelope zoned Light Industrial. General Commercial zoning was anticipated to be approved, but was postponed to spring 2027 due to concern of overbuilding of MF rentals. Master plan, staff and board comments indicate a consensus for GC (hotel, MF, retail) Current zone is Ind-L (65 ft height, 50% building coverage). Uses by right: office/R&D/Light Ind. Possible hotel via Planned Bus Park in conjunction with abutter or or by petition to rezone or amend uses to current zone. Would be conforming to master plan and generally endorsed by planning staff. Due to the delay, price is drastically reduced. Remaining 47 acres under conservation easement. Lot coverage can potentially be up to 100% with use of conservation land for required ratio and open space. Also provides timber reserves, open space nature trails, pristine nature setting, etc. Walk to schools, downtown, and adjacent regional bus terminal. 2 BR house and barn. Set back from road for privacy and enhanced south and west views. Lebanon/Hanover is a biotech/medical hub from Dartmouth spin-off companies, Housing study calls for 4000 additional units. Average 2BR rent is $2800. Median Home Value Hanover $988k. High income, highly educated population. in the path of growth, with infrastructure, retail services and recreational amenities nearby. (golf, ski, lakes) Westerly sloping. Few development opportunities in this market due to limited zoning and town utilities, site challenges. Lebanon was named by Forbes in 2008 as the number one least vulnerable mid-size city in the US. Also listed as residential
Location
State NH
County Nh-grafton
Area Nh-Grafton
Zoning Commercial, Residential
Exterior
Utilities Available Cable, Phone
Building
Sewer Leach Field On-Site, On-Site Septic Exists, Public Available
