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163 Main Street

Deep River, CT 06417

$899,000 PRICE
6 Beds
3 Baths
4,184 Sqft
0.07 Acres
1850 Built

The walkability and quintessential New England charm of downtown Deep River is a big draw for buyers seeking a trophy property or a dream location for their small business. Built in 1850, this mixed-use gem has much to offer including two commercial tenants (Hally Jo's Corner Restaurant and the Anchor and Compass clothing store), three residential units on the second floor, and 1, 200 square feet of semi-finished attic space. We recently met with the town's building inspector and fire marshal for an on-site assessment, and they have expressed interest in seeing the 3rd Floor "Penthouse" get developed into additional living space. An amendment to mixed-use zoning code took effect on April 17, 2025 making the build out a possibility. Given this tremendous change to zoning code, we can now broker bridge financing terms to pursue the build out up to 80% LTC for well qualified borrowers. This will cut the required down payment in half with proforma income supporting an ARV upwards of $1.5 Million.

Additional Information

ADDITIONAL INFORMATION

ACRES: 0.07
ATTIC DESCRIPTION: Storage Space, Partially Finished, Walk-up
BASEMENT DESCRIPTION: Full, Interior Access, Full With Hatchway
GROSS EXPENSES: 33505
GROSS INCOME: 91477
HIGH SCHOOL: Per Board of Ed
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 4,184
PROPERTY TAX: $10,593
SEWER: Public Sewer Connected
STYLE: Units on different Floors, Other
TAX AMOUNT: $10,593
UNIT COUNT: 5
YEAR BUILT: 1850
YEAR BUILT DETAILS: Public Records
ZONING: VCD

INTERIOR FEATURES

AIR CONDITIONING: Window Unit
ATTIC: Yes
BEDS: 6
COOLING: Window Unit
FULL BATHS: 3
FURNACE TYPE: Oil, Propane
HEAT: Oil, Propane
HEAT FUEL: Oil, Propane
HOT WATER: Oil, 50 Gallon Tank
ROOMS: 12
TOTAL BATHS: 3

EXTERIOR FEATURES

EXTERIOR SIDING: Aluminum
ROOF: Asphalt Shingle

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Location for 163 Main Street, Deep River, CT

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Community

Deep River

Shoreline, Connecticut

Deep River enjoys a central location in Middlesex County, one of Connecticut’s most popular vacation regions. The community is part of the ‘Tri-town Area’ comprising Deep River, Chester and Essex....

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William Pitt Sotheby's International Realty

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