A Unique opportunity, 2 Homes on 1 Lot. Plus a barn/garage. First Home has 2 bedrooms and is 1,061 sqft. Second Home has one bedroom and is 350 sqft. Separate town water and sewer to each home. Ready for your updating! Electric 100 AMPS each.
VC Property Group is proud to present a rare two-parcel assemblage in Deep River, Connecticut, featuring a newer construction single-family residence, a five-unit mixed-use building with four residential apartments and one retail unit, and a contiguous 0.30-acre vacant parcel. Located in the highly desirable Lower Connecticut River Valley, the property is just 0.4 miles from Downtown Deep River and approximately 1 mile from Downtown Chester, providing convenient access to acclaimed restaurants, boutique shopping, marinas, and the region's historic village centers. Deep River continues to benefit from strong residential demand driven by limited housing inventory and spillover from neighboring Chester and Essex. The assemblage offers immediate cash flow with meaningful long-term upside, including the potential for a municipal lot line adjustment to combine the vacant parcel with the single-family residence, creating a premium residential asset, or to retain the parcel for future single-family development. Combining stabilized income, intrinsic residential value, and embedded development optionality, this offering presents a compelling investment opportunity in one of Connecticut's most desirable river communities.
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.
Deep River is located in Connecticut. Deep River, Connecticut has a population of 4,473. Deep River is more family-centric than the surrounding county with 34.05% of the households containing married families with children. The county average for households married with children is 27.85%.
The median household income in Deep River, Connecticut is $79,090. The median household income for the surrounding county is $90,833 compared to the national median of $69,021. The median age of people living in Deep River is 48.3 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 20.1 degrees. The average rainfall is approximately 49.1 inches per year, with 30 inches of snow per year.
