62 Lyme Road

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62 Lyme Road

Hanover, NH 03755
Asking Price
$1.20M
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial restaurant property located at 62 Lyme Road in Hanover
  • Offered for sale at a list price of $1,200,000
  • Asset includes the convenience of dedicated on-site parking facilities
  • Positioned within the active academic and retail submarket of Hanover
  • Suitable for restaurant operators or commercial real estate investors

What's Special

This retail restaurant space at 62 Lyme Road in Hanover, New Hampshire, is currently available for purchase for $1,200,000. Situated in a prominent New England college town, this property serves a community anchored by Dartmouth College and a stable regional economy. The asset features dedicated on-site parking, a critical component for maintaining consistent customer accessibility in this historic and walkable submarket. Investors and restaurateurs will find this location suitable for continued food service operations or potential redevelopment to align with local market demand. The site occupies a strategic position in the town, benefiting from steady foot traffic and proximity to major institutional traffic generators. Prospective buyers should consider the long-term utility of this well-located commercial asset as the Hanover market continues to attract consistent consumer spending and professional interest.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

Location & Travel Times