Lebanon NH For Sale $995,000

List Price:$Commercial Property
Price Change! reduced by $990,000
down 99% on April 17th 2026
$995,000 | $711 per sq.ft.
24 Labombard Road Lebanon NH | Space type
MLS# 5053464
Listed by James Ward Equity Group Real Estate Broker Inc. on July 23rd 2025
DESCRIPTION
50 Acres. 3 miles to Dartmouth Medical Center and Centerra Business Park (built out). Walk to downtown, school, or airport shuttle. 8 Acres zoned Light Industrial. With a 3-acre development envelope. Balance under conservation easement. Use open space for setbacks and open space requirement for higher build out. Uses by right include office, R&D, Warehouse. Possible uses as PUD or Planned Business park include multi family, hotel, with accessory retail. Area was scheduled for rezoning to General Commercial. Now delayed to Jan. 2027. Area was rezoned as GC-1 in early 2026. Was subsequently (anticipated to be ) temporarily rescinded for legal issue and reinstated. Redo vote has been tabled to Jan.2027. Master plan, prior staff and board comments indicate a consensus for GC. Due to delay owner drastically reduced for quick sale and your opportunity for high demand, low supply commercial land near College and Medical Center at a residential land price. Buy now at discount, hold for zoning revote or rezone now by petition for General Commercial uses. See table of proposed uses for GC-1 . Ind zone- 50% Building coverage, 65 ft. height. GC-1 residential density by planning board review. 3BR house and barn, dated, but good condition, in a nice private setting. Spin off, or keep for rental income. The additional 47 acres are sloping and wooded. Added value from extra privacy for an in-town location, and timber resources, AI projected build out of up to 200 dwelling units or 100,000 sf commercial SF with surface parking. (density by planning board review). 55 ft. height, 30% lot coverage. Dual use parking for increased build out. Lebanon/Hanover is a biotech hub from Dartmouth spin-off companies, Medical, Biotech, Pharm. Housing study calls for 4000 additional units. Average 2BR rent is $2800. Median Home Value Hanover $988k. High income, highly educated population. South of Campus is in the path of growth, with infrastructure, retail services and recreational
Sale Includes : Land Only | Land/Building | Building
Management Expense-| $0
Insurance Expense -| $0
Net Income| 0
Gross Income| 0
Price per SQFT | 710.71
CONSTRUCTION
Price Per SQ.FT. 710.71
Year Built: 1977
Basement: Full
Road Frontage: 282
Utilities: Cable | Propane | Telephone Available
No. of Docks | 0.
AC % | 0.
LAND INFORMATION
Lot size: 50.6 acres
Zoned: Gc-1)
Surveyed: Yes
Flood Zone: No
Road Frontage: 282
ADDITIONAL INFORMATION
Docs Available : Aerials | Covenants | Deed | Property Disclosure | Tax Map
Taxes $9,437 | Assesed Value $497,705 in

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