5 Edwards Road, #various, Lebanon, NH, 03255 | $6,500,000

8. 8 Acres at the Lebanon/Hanover Gateway with the 100% location, extensive frontage and visibility on Rt. 120 and exit 18 I-89. General Commercial zone (GC1) allows most uses by right including mixed commercial/residential. 30% building coverage, minimal setbacks, 55 foot building height. 3 Miles to Dartmouth Medical Center. Among 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. Residential density by planning board review. Under PUD density is 13/acre. 1. 5 parking spaces per unit. Potential density 380-400 units. commercial 115, 000 sf, office 210, 000- 325, 000 Dartmouth’s Bio and Medical startups are creating ongoing housing demand and high paying jobs with an underserved housing stock. 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.

Features

  • Zoning: commercial
  • Est. Taxes: $48,900
  • MLS#: 5064488
  • Website: https://www.raveis.com
    /prop/5064488/5edwardsroad_lebanon_nh?source=qrflyer
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Listing courtesy of Equity Group Real Estate Broker Inc.   Phone: 603-448-8000
Listing Agent: James Ward

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NMLS Mortgage Loan Originator ID 81725

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5 Edwards Road, #various, Lebanon, NH, 03255

$6,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $5,200,000 $5,200,000 $5,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 4.750% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.028% 5.858% 5.681%
Monthly Tax Payment $4,075 $4,075 $4,075
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $27,126 $30,346 $42,488
Total Monthly Payment $31,326 $34,546 $46,688

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.