87 Main St, Deep River, CT

Name: 87 Main St, For Sale in Deep River - Zoocasa
Brand: VC Property Group, LLC
SKU: 24158639
Price: 1350000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,350,000

760

MLS® 24158639

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage No

Taxes $11,992

Days Active 0

Lot Size 0.44 acres

Approx. Age 1850

MLS® Number 24158639

Property Address: 87 Main St, Deep River, CT, 06417-1846

Average square foot calculated using Size range provided by listing agent.

Description

VC Property Group is proud to present a two-parcel assemblage in Deep River, Connecticut, combining stabilized mixed-use income with embedded residential value and development optionality. The offering is located within the Lower Connecticut River Valley, a supply-constrained submarket anchored by the highly sought-after river towns of Chester and Essex. These neighboring markets are characterized by limited inventory, strong owner-occupant demand, boutique retail corridors, and persistent pricing pressure driven by waterfront proximity and historic town centers. As a result, Deep River functions as a relative value alternative to Chester and Essex, capturing demand spillover from buyers and renters priced out of those markets while maintaining access to the same employment base, lifestyle amenities, and regional appeal. This dynamic supports durable residential demand, Main Street retail tenancy, and long-term appreciation. The property is strategically located just 0.4 miles from Downtown Deep River and approximately 1 mile from Downtown Chester, placing it within immediate reach of the region's vibrant village centers, restaurants, boutique retail, and waterfront amenities that define the Lower Connecticut River Valley lifestyle. Opportunities to acquire mixed-use assets with additional residential land optionality in this highly desirable corridor are extremely limited, particularly within walkable Main Street environments., The assemblage includes: 87 Main Street - a single parcel improved with: * A 5-unit mixed-use building (four residential apartments + one street-level retail unit) * A separate single-family residence 55 Prospect Street - a contiguous vacant parcel under common ownership consisting of approximately 0.3 acres Together, the parcels create a flexible investment opportunity blending stabilized income with residential and land-based value creation. Combined Investment Thesis This offering is best viewed as a hybrid income + land strategy, combining stabilized cash flow with residential and land-driven value creation. * Immediate cash flow from a stabilized mixed-use building (4 residential units + 1 retail unit) * Embedded residential value from an existing single-family residence located on the same parcel * Additional upside and flexibility provided by a separate, contiguous vacant lot The adjacent vacant parcel introduces two distinct, executable strategies. Lot Line Adjustment + Residential Monetization The vacant parcel can be administratively reconfigured and attached to the existing single-family residence, increasing lot size, usable yard area, and parking. This process requires only a municipal lot line adjustment, limited to redrawing parcel boundaries and not dependent on new construction, density increases, or zoning variances. Once reconfigured, the single-family residence can be sold as a standalone residential asset with its own defined lot, supporting an estimated resale value of approximately $750, 000, based on local residential pricing dynamics. Proceeds from the residential disposition can significantly reduce an investor's basis in the income-producing mixed-use asset, effectively allowing the buyer to retain the stabilized property at a materially lower net cost.

MLS® Number24158639

Laundry Level

Central VacNo

FireplaceNo

Acreage0.44

Exterior

GarageNo

Approx. Age1850

BasementFull

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 10, 2026List Date

$1,350,000List Price

Map

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