Downtown Littleton NH Motel and Extended Stay Property

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Commercial Property for Sale

Located in downtown Littleton, NH, consistently recognized as one of the best small towns in which to live in the United States, the Littleton Motel has been in operation since 1948 and is recognized as the oldest continually operating motel in New Hampshire. The current owner purchased the property in 2003 and has since converted 5 motel units into one-bedroom extended stay units; maintained 14 summer seasonal motel rooms; and continues to lease 3 one-bedroom apartments year-round on the second floor of the main house. The owner lives on the first floor of the main house in a two-bedroom, two bath, approximately 2100 square foot apartment, including the motel’s office and laundry room. The Littleton Motel is located in the heart of downtown Littleton, a Main Street Community, within easy walking distance of restaurants, shops, convenience stores, and local attractions. A large percentage of motel guests, roughly 40%, are repeat customers, with 70-75% booking through the motel’s website, www.littletonmotel.com. The remaining 25-30% of guests find the motel online through Booking.com. The majority of guests are from New England, but guests from other areas of the country, Canada, and some European countries find their way to Littleton each spring, summer, and fall to enjoy the natural beauty of the White Mountains region.

Financial Information

  • $1,700,000 Asking Price
  • $276,486 Gross Revenue
  • Negotiable Down Payment
  • Yes Financing

Business Location

  • City: Littleton
  • State: New Hampshire

Financing Comments

  • The seller may be willing to offer minimal owner financing to qualified buyers.

Reason for Sale

  • The owner is looking to retire and to spend more time in Florida after working his entire career in the hospitality industry.

Detailed information

  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Part time Employees: 6
  • Real Estate Included: No
  • Monthly Rent: N/A
  • Real Estate Available: Yes
  • Building Size: 12307
  • Real Estate Value: $1.100m

Real State Description

The Littleton Motel is located on 1.6 acres at 166 Main Street in downtown Littleton. Improvements to the property include the main Victorian style house, built in 1873, with 3972 square feet of living space, and including 3 one-bedroom apartments, a two-bedroom owner’s apartment, motel office, and laundry room. There are also 14 connected motel units, built in 1948, furnished, with private renovated baths, and totaling 4161 square feet of living space. Additionally, the Hillside Building includes 5 one-bedroom extended stay units, built in 1948, renovated in 2005, with total living space of 2574 square feet. The Hillside Building also includes a full concrete basement housing a workshop, mechanical rooms, storage, potential guest laundry facilities, and a proposed 1000 square foot game room. There is also an 1873 Carriage House that is undergoing a conversion into a 1600 square foot single family home including a two-car garage and wraparound porch. The driveway and parking areas are paved, and there is a beautiful lawn which includes two gazebos, fire pits, and outside seating with beautiful views of downtown Littleton and the White Mountains beyond. The property features town water and sewer, the buildings are vinyl sided for ease of maintenance, and the roofs are either metal (3 and 5 years old), asphalt shingles (12 to 15 years old), or rubber membrane (recently repaired), all in very good condition.

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Business Listed by Sunbelt of New Hampshire
Contact
Jay Polimeno
Listing ID
NEWHAMP001-50760
Office Phone 603-745-9290

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