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    Highway Visible Development Opportunity, Littleton Title is generated by Realmo AI

    337 Cottage Street, Littleton, NH 03561

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    Claim this Listing
    For Sale
    Under Contract
    $1,800,000

    Commercial For Sale - Littleton, NH

    Lot size:
    6.94 Acres
    Added:
    Apr 12, 2024
    Days on Market:
    758
    Last Refresh:
    May 9 at 8:06 pm

    Property Features for 337 Cottage Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1
    Standard status
    Active Under Contract
    Lot size
    6.94 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9524

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Doherty

    Listing agent Mary Doherty

    Listing office Badger Peabody & Smith Realty 383 Main St., Franconia, NH

    Listing date Apr 12, 2024

    MLS# 4991153 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location adjacent to Exit 41 off US Route 93 with high visibility from the highway.
    • Excellent accessibility via frontage on Cottage Street and Bethlehem Road (NH Route 302).
    • Significant development opportunity on a 6.94+\/- AC parcel.
    • Conceptual plan available for hotel and restaurant development.
    • Ideal for serving travelers to the Littleton area.
    • Access to the parcel is over ROW's over the adjacent parcel from both Bethlehem Road and Cottage Street.

    Overview

    This 6.94+/- acre commercial parcel presents a development opportunity with visibility from US Route 93, located alongside Exit 41. The site benefits from frontage on Cottage Street, accessible directly from the highway exit, and Bethlehem Road (NH Route 302), a major east-west route. Access to the parcel is provided via rights-of-way over the adjacent parcel from both Bethlehem Road and Cottage Street. The property is zoned C-1. A motel structure, not operational for several years, is currently situated on the site. A conceptual plan illustrating the potential placement of a hotel and restaurant is available. This location is suitable for serving travelers visiting the Littleton area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Eastgate Inn — 335 Cottage St, Littleton, NH 03561
    • Littleton Opera House — 2 Union St, Littleton, NH 03561

    Location Insight

    • Map
    • Local Demand
    City
    Littleton
    County
    Grafton
    State
    New Hampshire
    Longitude
    -71.7670096
    Latitude
    44.2964049

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    FAQs

    What type of property is this?
    Motel - 6.94 AC commercial land parcel with highway visibility.
    Where is this motel located?
    The property is located at 337 Cottage Street Littleton, NH.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime location adjacent to Exit 41 off US Route 93 with high visibility from the highway.; Excellent accessibility via frontage on Cottage Street and Bethlehem Road (NH Route 302).; Significant development opportunity on a 6.94+\/- AC parcel.
    (603) 823-5700
    We can help!
    Listing Contact
    Mary Doherty
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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