166 Main Street

Description

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 motels 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. The seller has put together a proforma that he will share with qualified buyers should they want to convert all motel, extended stay, and main building apartments into vacation rental units. According to his proforma, both revenues and NOI will increase exponentially. A Confidential Executive Summary and financial analysis will be available to qualified buyers who complete and sign a Confidentiality Agreement.