45 Hanover Street Lebanon, NH

$3,250,000
Acres 0.22
Photo of 45 Hanover Street Lebanon NH 03766




Description

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.


Listed by Badger Peabody & Smith Realty, Keegan Rice 603-348-7261

Details

MLS 4956580
Price $3,250,000
Status Active Under Contract
DOM 555 days
Type Commercial
Lot Size 0.22 acres
Year Built 1987
Taxes Paid $21,267

Lot & Building Features

Utilities Cable
Construction Brick Exterior, Steel Frame, Masonry
Cooling Central AC, Mini Split
Heating Forced Air, Hot Water
Sewer Public
Tax Year 2023
Taxes Paid $21,267
Water Public
Foundation Concrete
Lot Description City Lot, Street Lights, Neighbor Business, Corner
Roof Standing Seam

Map

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Financing

$
20%
0.65436923076923%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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