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Description

Unique property and unique opportunity to recycle a historic, architecturally-valued school building in downtown Lebanon for residential, office or other creative uses. This classic school building with high ceilings, hardwood floor and large windows contains 18 classrooms, plus gym, library, 2 shoprooms. Fully sprinkled, networked and equipped with 3-story elevator. Site includes a several acres playing field, very adequate parking and 2 modular classrooms. Walking distance to Green, Opera House, restaurants, etc. Zoning currently would require variance to change usage to multi-family (other than senior housing complex), office or some other uses, but this is felt to be a strong possibility; furthermore, new master plan and expected zoning changes will hopefully encourage uses not currently allowed under zoning ordinance. Sale would be also be subject to approval of city-wide vote. The school district would also require usage of the playing fields through spring of 2013. Property currently meets all asbestoes-related requirements; documentation available for examination. Building price details: $850,000.

Property Details

• Type: Commercial (Other)
• Status: Available
• Year Built: 1927
• Buildings: 1

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