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$ 750,000
Est. payment | /mo
2 Baths
5,460 SqFt
$ 750,000
Est. payment | /mo
2 Baths
5,460 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,460 sqft
Price per Sqft $137
MLS Listing ID 24095488
Half Baths 2
Year Built 1924
Annual Tax Amount $10,515
Lot Size 8,712 Sqft
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.
Location
State CT
County Middlesex
Zoning VCD
Interior
Heating Hot Air
Cooling Window Unit
Exterior
Utilities Available Electric, Gas
Roof Type Flat
Building
Lot Description Corner Lot, Cleared
Story 1
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Connor Wenchell • VC Property Group, LLC
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