Listed by Keegan Rice with Badger Peabody & Smith Realty Cell: 603-348-7261

Under contract

45 Hanover Street

Lebanon NH, 03766

$3,250,000


$166.67 per sqft

Under contract

5 Baths

19,500 sqft

Commercial

Built in 1987

This highly visible and well-known property offers a range of benefits and possibilities for the savvy investor. Included in the sale is the building itself, a fully operational and successful pizza restaurant complete with business assets and furniture, fixtures, and equipment (FF&E). Additionally, three other tenants are already in place, providing immediate rental income. Two of these tenants are tenants-at-will (TAW), while one has a lease in effect until July 2024. Coordinate long-term lease extensions with existing tenants or take advantage of the property's versatility and use it according to your needs and vision. Featuring exceptional visibility and accessibility, with an impressive 11,000 car traffic count. This ensures that your business will receive maximum exposure, attracting a steady stream of potential customers. Additionally, the building, constructed in 1987, boasts modern features that make it suitable for a wide range of uses, providing flexibility for future ventures. The property is strategically located amidst ample public parking, which greatly supports both tenants and customers. The pizza restaurant within the building is a true gem, generating exceptional cash flow. It includes a full bar known as the "Cave," adding a unique and enticing element to the establishment. The restaurant has a proven record of historical performance, and there are ample opportunities for further growth and success under new stewardship.

4956580

MLS ID

June 9, 2023

Listed

October 29, 2024

Updated

Map

45 Hanover Street
Lebanon NH, 03766

Interior Features

Total Bathrooms

5


Fireplace

No


Cooling

Yes


Cooling Description

Central AC, Mini Split


Heating

Yes


Heating Description

Forced Air, Hot Water, Oil

Exterior/Building Features

Lot Size

0.22 Acres


Lot Features

Business District, Commercial Zoning, In Town, Near Shopping, Near Public Transportatn, Near Hospital


Roof

Standing Seam


Sewer

Public

Other Property Details

Area Name

NH-Grafton


Taxes

$21,267


Tax Frequency

Annually


Days on Market

210


Garage

No


View

No


Pool

No

Listing History

Date

Event

Price

3/2/2024

Under contract

1/5/2024

Under contract

Listed by Keegan Rice with Badger Peabody & Smith Realty Cell: 603-348-7261

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