3 Miles to Dartmouth Medical Center. Amont highest income and housing in NH. 40,000 VPD I-89, 24,000 Rt. 120. Owner has invested $1.6M in site work and engineering. Pad ready and level. There is 2000 linear feet of onsite interior of paved roads, water/sewer lines and electric/cable lines. The estimated cost to install these is over $700,000. Lebanon has adequate sewer and water capacity for the anticipated build out. 8-12” gravity sewer main lines run through the property. 12” water main. Interior road water lines are 6”. These substantial site improvements greatly lower the effective cost per acre.
Build out projections with CoPilot
Residential density by planning board review. Under PUD density is 13/acre. 1.5 parking spaces per unit. 2 bedroom of 1000 sf with surface parking and ground level for common areas. 380-400 units,
Retail- 100%, single story- 115,000 SF
Office/R&D- Multi story-
Surface parking – 210,000 sf
Surface and structured 325,000 sf
Dartmouth’s Bio and Medical startups are creating ongoing housing demand and high paying jobs with an underserved housing stock.
The regional planning commission study indicates 4000 additional units are needs in market area in next 10 years. In 2008 Forbes named Lebanon least vulnerable mid-sized city to recession in the nation.
Lebanon’s only business park, Centerra is built out. Due to constrained zoning, challenging terrain, and limited infrastructure there are no other sites in the market currently for the expanding bio and medical businesses to expand. No known other commercial sites this close in, of this size, level and with high visibility.
This is the number one location for a high-profile building. Ideal for a Flagship hotel with the best visibility possible. Or for a high-end company seeking prestigious site and signage.
A 2010 study determined the need for an Intermodal hub. The project study concluded without further action. The number one choice of the study was a site that at this exit. Dartmouth Travel bus terminal is also at this exit, within a 5-minute walking distance. Rt. 120 and exit 18 improvements are on the state’s 10-year plan for projected doubling traffic count. Reports at: https://lebanonnh.gov/651/Route-120-Corridor-Plans-Studies
There are no wetlands per engineer’s report. Site is partially in USGS 100 yr. flood plain. Site specific engineering for the adjacent property indicates the limit of the flood plain is 0-6 inches from the current elevation
Site features-
• High visibility to I-89 and Rt. 120
• Prepared, level site
• Roads and Utilities in place
• 3 miles to DHMC
• Within a mile to
o Bus terminal
o Schools
o Downtown
o Nature and bike trails
• Meandering well contained perennial steam on side of property. Running between subject and highway right of way.
• Partial valley views to the west.
• Access VIA Little Heater Road.
• Signalized access to Rt. 120
Additional marketing and documents. Lebanon Gateway 8.8 acres site
James Ward GRI
Equity Group Real Estate Broker, Inc.
