156 Main Street

Deep River, Connecticut 06417

Status
For Sale
Square Feet
5,460
Beds
0
Price
$800,000
Type
Commercial For Sale
Garages
Baths
2
MLS
24095488

Price

$800,000

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Interior Details

Interior Size
5,460 Sq Ft
Bedrooms
0
Bathrooms
2
Rooms Total
Garage

Exterior Details

Lot Size
0.20 Acres
Roof
Flat
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Window Unit

Other Information

Property Tax
$10,111
Assessed Value
$322,210
Elementary School
NULL
Middle School
NULL
High School
NULL

About Property

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.
Listed by VC Property Group, LLC, Connor Wenchell. Data sourced from SmartMLS

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