174 HANOVER ST EXT Lebanon NH 03766

FOR SALE 133 ACRES

MIXED USE SITE

UP TO 400 UNITS OF MIX OF MULTI, TOWN HOME, FREESTANDING

AT ONLY $12,000 PER UNIT

COMMERCIAL COMPONENT– PARTLY ZONED OFFICE,

PUD ALLOWS RETAIL USES.

2 MILES TO DARTMOUTH MEDICAL CENTER

ADJACENT TO: DOWNTOWN, I-89,. SCHOOL, 2000 ACRE OPEN SPACE

SITE– LAST OF LARGE SITES, POND, VIEWS,. HISTORIC BRICK KILNS

SEVEAL POTENTIAL COMPONENT USES

UPPER VALLEY– NH’S “CAMBRIDGE”

· Current zoning: 340 units on 26 acres, office/residential on 6.5 acres, 100 acres as low density/future land use. Ideal site for “village setting mixed use”. City staff is promoting form based zoning. Master plan calls for new “mixed use” zone including some retail.

· High Income, high growth area of Dartmouth Hitchcock Medical Center, Dartmouth College, tech and bio-tech industries.

· Housing study: 4000 units needed in next 10 years. Best ratio in NE of lowest land unit cost vs. high market rents. Traditional near zero vacancy. Day population triples from commuters and shoppers.

· Very limited market for mixed or high density larger sites close to core area due to zoning and general site conditions in area.

· Site amenities: clean pond and stream, slope side views, Interstate exposure, adjacent to popular trail system and 2000+ Acre open space, 1800’s brick kilns (fka the Densmore Brickyard). Adjacent to school and downtown Lebanon.

Possible connector bridge over Interstate- under review NHDOT

Not in current use (savings of 10% of approved land value)

133 acres zoned multi-family & office, with a retail component.

 Up to 400 units with PUD and density bonuses, plus up to 80,000 SF commercial with

some limitations.

 The last remaining site of significant size and zoning in this hot corridor of Rt. 120 due

to limited zoning and prevalent mountainous terrain. And the only commercial site in

market with Interstate frontage and visibility.

 Just 2 Miles to Dartmouth Medical Center and 3 business parks, hotels, etc. 5 Miles to

Dartmouth College.

 Dartmouth announces $130M, 200,000 SF hospital expansion, adding an additional

300 employees.

 The Upper Valley is the most significant medical and biotech center in NE outside of

Cambridge. Providing a recession proof, stable, and highly educated market. Further

indicated by Forbes 2010 study “Lebanon is least vulnerable to recession in US for

mid-size cities”.

 Strong housing demand demonstrated in several independent surveys.

 Some historic significance. This site once produced bricks in large kilns, which remain.

 The best site amenities in the market- 2000 ft. Interstate frontage, adj. to 2000 ac open

space, clean 5 acre pond with outlet stream running through, across the street from

schools, adjacent to downtown core area, various terrain for views of the pond and

area hills

 Possible complimentary uses: park n ride, transportation hub/terminal for private and

public lines (identified as best site in 2015 study), open space sharing with school,

town, solar array. Some possibility of reconnecting Hanover St over I-89 replacing the

pedestrian bridge to solve the bottle neck at the exit, enhancing the accessibility and

uses (hotel site?). Under NHDOT study now. Identified site by city for fire/safety

facility.

 Some engineering available. 2019 phase one available.

 Land cost about 1/3rd of Seacoast with sales equal on per SF basis.

 NO CURRENT USE PENALTY. A savings of 10% of the assessed value of the

approved project

 Offering flexible terms, possible JV to qualified parties