New Listing - 05/12/2025
156 Main Street, Deep River, CT, 06417
0 beds
2 Half baths
1924
5,460 sqft
This is a rare opportunity to acquire a fully stabilized retail asset in Downtown Deep River. Additional income generation is possible by monetizing 800sqft of unrented commercial space. Inside the past 5 years the owner has replaced the entire roof, upgraded the electrical service and replaced all of the furnaces. Upon leasing up the existing units along with the 800sqft space in the rear of the building, this property will appraise north of $1.2M. What this means for a potential buyer, is that through an all cash or bridge acquisition, they will be able to pull out 100% of their investment upon refinancing during the 12-24 month lease up period. The income analysis, location, walkability, and quintessential New England charm of downtown Deep River are all important considerations for buyers seeking a dream location for their small business. For non owner-operator investors the deal will provide stable returns and ease of management.
Status:
Active
Type:
Commercial
Units:
3
Zoning:
VCD
Frontage:
Municipal Street,Paved Road
Heating:
Hot Air
Cooling:
Window Unit
Acreage:
0.2
Est. Taxes:
$10,111
Assessment
$322,210
Current Use
Pizza Shop / Antique Store
Permitted Use
Restaurant / Retail
Utilities
Electric,Gas
Lot Description:
Corner Lot,Cleared
Days on Market:
3
MLS #:
24095488
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Connor Wenchell, VC Property Group, LLC Email: Connor@vcpropertygrp.com