12 Bean Rd., Meriden, NH

Special Purpose for Sale
Catylist Listing ID: 30319820
Building Size (RSF): 7,509 SF
Gross Land Area: 3.70 Acres
Sale Price: $300,000
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/17/2019

Overview / Comments

This iconic property set in the Village of Meriden, has been in the same family since 1961. It consists of an antique Colonial (built 1790) single-family residence, which has also contained a 2nd unit at times, with extended heated, multi-floor shop spaces (approx. 5000 sf, including offices), and sheds. The property lies in the Village Residential Zone, but has had a commercial ceramic art and design studio operation grandfathered for use on the property for many years. The zoning district does allow home occupations in a single-family residence as a permitted use, and inn/B&B, office, restaurant, multi-family, private school, cottage business, approved business project, elderly housing, and other uses as Special Exceptions. It would seem to have great potential for single-family plus a studio, shop, contractors' shop, artisanal crafts, etc. The shop has a separate 200 amp service. There may also be potential for large-scale gardening, with a flat, open 3.7 acre lot (per town; deed and survey cite 5.1 acres)–town GIS map show much of lot as "Farmland of Local Importance". The house, though completely livable, has had renovations, but is in need of completed work in some areas; it features a lovely side porch and open kitchen/great room, grassy lot with gardens and apple trees. Property has a great location, across the street from beautiful Kimball Union Academy, and within 10-15 minutes of downtown Lebanon and I-89.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,224 (Annual)

Additional Details

Nearest MSA: Claremont-Lebanon
County: Sullivan
Tax ID/APN: 104-26
Zoning: VILLAGE RESIDENTIAL
Property Located Between: Lebanon, NH and Claremont, NH
Property Visibility: Excellent
Largest Nearby Street: NH Route 120 (Meriden Rd.)
Feet of Frontage: 706
Highway Access: At corner of NH Rte. 120 (Meriden Rd.) and Bean Rd.
Airports: Lebanon Regional Airport
Site Description: Lot is flat, relatively narrow, with 2 brooks; soil for much of the property is designated as "Farmland of Local Importance" by town map, and it may have potential for commercial gardens, small-scale agriculture. Location is across the street from Kimball Union Academy.
Area Description: Meriden Village is a village in the Town of Plainfield, which borders Lebanon to its south, with good access to downtown Lebanon (12 min.), shopping centers on Rte. 12A, Interstates 89 & 91, Lebanon Regional Airport, Dartmouth College and Hanover, NH, and is adjacent to the private boarding school, Kimball Union Academy.
Total Number of Buildings: 2
Number of Stories: 25
Property Condition: Average
Year Built: 1790
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: House is an antique Colonial with el, and side porch; with rear attached barn, and extended workshop buildings, which are vertical board sided, with metal roofing.
Parking Type: Surface
Parking Description: Small parking areas along side of buildings.
Heat Type: Propane, Space Heaters
Heat Source: Central, Other
Internet Access: Cable
Interior Description: House has received some renovation, finish is needed in areas: sheetrock and plaster walls and ceilings, mixed softwood and hardwood floors. Workshop areas are plywood paneled interior walls, slab and plywood floors.
Zoning Description: The property lies in the Village Residential Zone, but has had a commercial ceramic art and design studio operation grandfathered for use on the property for many years. The zoning district does allow home occupations in a single-family residence as a permitted use, and inn/B&B, office, restaurant, multi-family, private school, cottage business, approved business project, elderly housing, and other uses as Special Exceptions. It would seem to have great potential for single-family plus a studio, shop, contractors' shop, artisanal crafts, etc.
Lot Frontage: 706, on 2 roads--NH Rte. 120 and Bean Rd.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: Sullivan County Registry of Deeds, warranty deed, Book 427, Page 547, property passed to heirs, who are current owners, by deed and probate proceedings.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,081 6,453
Median Age: 43.24 45.2
Households: 401 2,593

Contact

Photograph of Listing Agent

William H Johnson

Big Green Real Estate NECPE Member
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