45 Hanover Street, Lebanon, NH, 03766 | $3,250,000

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.

Features

  • Property Type: Business,Development,Hospitality,Investment,Office,Opportunity,Retail
  • Construction: Masonry,Steel Frame,Brick Exterior
  • Heating: Forced Air,Hot Water
  • Cooling: Central AC,Mini Split
  • Units: 5
  • Zoning: LD
  • Frontage: 371
  • Year Built: 1987
  • Acreage: 0.22
  • Est. Taxes: $21,267
  • MLS#: 4956580
  • Website: https://www.raveis.com
    /prop/4956580/45hanoverstreet_lebanon_nh?source=qrflyer
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Listing courtesy of Badger Peabody & Smith Realty   Phone: 603-823-5700
Listing Agent: Keegan Rice

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45 Hanover Street, Lebanon, NH, 03766

$3,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,600,000 $2,600,000 $2,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $1,772 $1,772 $1,772
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $14,763 $16,221 $21,765
Total Monthly Payment $16,660 $18,118 $23,662

* 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.