Downtown Mixed-Use

163-165 Main Street, Deep River, CT

Mixed Use • $153 psf

Est. $5,840 /mo

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List Price $825,000
NOI
$62,142
DSCR
1.16
Cap
8%
ROI
3%

Est. Monthly

$5,840 /mo

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Schedule a showing

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Upcoming Open House

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Listing Details
$825,000
Mixed Use
Downtown Mixed-Use

163-165 Main Street, Deep River, CT

$153 psf

$825,000

Listed By
Connor Wenchell

VC Property Group

Est. Monthly

$5,840 /mo

Get Financing

Interested in this property?

Schedule a showing

Request

Upcoming Open House

RSVP
Property Snapshot
85% Proforma
Property Type
Mixed Use
Building(s)
2
Sqft
5384 sqft
Parcel(s)
1
Lot Size
3049 acres
Year Built
1850
Highlights
  • Rebuilt chimney and steel lined flute
  • Long standing commercial tenants in place
Property Description

This five unit mixed-use opportunity is located in the quintessential downtown of Deep River, CT. The downtown corridor of this rural river community provides walkable access to a variety of goods and services including health care, grocery, hardware, restaurants, and cafes. Both commercial anchor tenants at this location have leases in place through 2030 that increase annually in accordance with the Consumer Pricing Index (CPI). All three residential units are on annual leases including (2) 1 bedroom units and (1) 2 bedroom unit. On street parking for customers and tenants. The third floor space was originally a Masonic Lodge and is currently used as storage. The space is about 1,200 square feet and recent zoning changes now allow it to be converted into at least one additional unit. Both the fire marshal and building inspector came out to assess the building and indicated that the turn time to review a proposed site plan would be 2-4 weeks. Buyer to perform all due diligence.

Property Features
Utilities & Systems
Heating
Oil
Hot Water
Electic
Water
Public
Sewer
Public
Trash
City Pick-up
Utility Split
T/O Paid
Site Amenities
  • Security Cameras
  • Fire Alarm System
Disclaimers
Buyer Due Diligence

Listing last updated on October 20, 2026. Buyers should independently verify all property and financial information. Financial metrics are calculated using industry best practices but rely on listing broker inputs and assumptions. Actual results may vary.

Income
Current vs Proforma
Diner
$1,959
Clothing Store
$1,684
2 Bed, 1 Bath
$1,270
1 Bed, 1 Bath
$1,500
1 Bed, 1 Bath
$1,395
Monthly
$7,808
$9,200
Annual
$93,696
$110,400
Operating Expenses
Annualized
Property Taxes
$10,593
Insurance
$6,000
Electric
$3,000
Heating
$5,000
Water / Sewer
$3,000
Vacancy - Residential
$4,685
$5,520
Maintenance
$4,451
$5,244
Management
$4,451
$5,244
Others
$0
Resi Reserves ($/unit)
$1,250
Total Expenses
$42,430
$48,258
Leasing Information
Unit
Lease Status
Diner
Leased
Clothing Store
Leased
B
Leased
C
Leased
D
—
Loan Terms
Scenario Builder
Sale Price
$825,000
Loan Term
25 years
Rate
8%
LTV
70%
P&I
$4,457
$4,457
Annualized
$53,487
$53,487
Net Cash Flow
$-2,221
$8,655
DSCR at Entry
1.16
Request loan quote from VC Property Group.

Connor Wenchell

VC Property Group

Connor Wenchell
Connor Wenchell
VC Property Group

Connor Wenchell


VC Property Group