Hampton Beach Properties to Hit Auction Block November 19
Owners Nick Riccio and Karoline Leavitt plan to auction multiple Hampton Beach sites to secure a redevelopment partner.
Updated on Oct. 30, 2026 in Commercial
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Nick Riccio and Karoline Leavitt will auction several properties in Hampton Beach, including the Nautical Motel, on November 19, 2026. The owners are seeking a development partner for a proposed project featuring a new hotel, restaurant, and ballroom.
Why it matters
The sale aims to attract an investor capable of executing a large-scale redevelopment vision for the area. Conceptual plans for the site include a six-story building comprised of oceanfront condominiums, a restaurant, and a massive ballroom.
The auction includes parcels at 4, 6, 12, 14, and 16 M St., along with 143 and 147 Ashworth Ave. Conceptual plans feature a 53,000 square foot ballroom to anchor the proposed six-story facility.
The players
Nick Riccio
He is a long-term property owner who has been active in the Hampton Beach real estate market since 1993.
Karoline Leavitt
She is a property owner collaborating with Nick Riccio to facilitate the auction and future redevelopment of the site.
Tranzon
This real estate auction firm is managing the sale of the Hampton Beach properties.
The details
Properties are being auctioned through Tranzon, with winning bidders required to provide a 10% deposit within 24 hours. The transaction is scheduled to close within 45 days of the November auction date.
Timeline
Nick Riccio began acquiring Hampton Beach properties in 1993.
The auction is scheduled for November 19, 2026, at 1:45 p.m.
Winning bidders must submit a 10% deposit within 24 hours of the auction.
The sale must be closed within 45 days of the auction date.
Culture Shift
This auction aligns with the Hampton Beach Master Plan revitalization strategies aimed at upgrading aging coastal assets. It reflects a wider societal shift toward consolidating smaller hospitality properties into larger, modern mixed-use developments.
Residents and local business owners should prepare for potential site closures and construction activity following the transition to new ownership. The project timeline will dictate when the new ballroom and restaurant facilities become available for public use.
The takeaway
Interested investors should carefully review the auction terms and the 10% deposit requirement before the November 19 event. Prospective buyers should consider how the proposed six-story development fits into the local zoning and community expectations for the beachfront area.
What happens next
The auction is set for November 19, 2026, where winning bidders will be established, followed by a mandatory 45-day closing window.
Further reading
For additional context, visit the Hampton Commercial section.
Source note: This article includes information reported by Fosters.
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