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.
For sale
Price cut: $50K (7/7)
$750,000
156 Main Street, Deep River, CT 06417
--beds
5,460sqft
Est.:
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$137/sqft
$-- HOA
What's special
- 83 days
- on Zillow |
- 303 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 27, 2025 at 12:01am
Listed by:
Connor T. Wenchell,
VC Property Group, LLC
Source: Smart MLS,MLS#: 24095526

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater
Features
- Basement: Partial
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 5,460
- Total interior livable area: 5,460 sqft
- Finished area above ground: 5,460
Property
Parking
- Parking features: None
Lot
- Size: 8,712 Square Feet
- Features: Corner Lot, Sloped
Details
- Parcel number: 962262
- Zoning: VCD
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Shingle Siding
- Foundation: Stone
- Roof: Flat
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Deep River
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $328,790
- Annual tax amount: $10,515
- Date on market: 5/13/2025
- Exclusions: Tenant fixtures in the pizza shop.
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