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156 Main Street, Deep River, CT 06417
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$695,000
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Home Details for 156 Main Street
Price
$695,000
Type
Commercial/Industrial
Total Bathrooms
2
Half Bathrooms
2
Year Build
1924
Sq. Ft.
4660
Lot Size
0.2
County
Middlesex
Tax
$10,515
MLS®️ Listing#
24095488
On exitrealty.com
151 days
Property Description
This is a rare opportunity to acquire a stabilized retail asset with recent CAP ex renovations in Downtown Deep River. 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 $1M. For well qualified buyers we project an 80% LTV for the commercial bridge loan acquisition. The income potential, walkability, and quintessential New England charm of this downtown strip are all important considerations for small business owners. For non owner-operator investors those same qualities help to provide stable returns and ease of management.
- Heating Information
- Natural Gas
- Forced Air
- Cooling Information
- Window Unit(s)
- Water Features
- Public
Listing Courtesy: VC Property Group, LLC - (860) 343-7800. Presented by: Connor T. Wenchell
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