www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31456076
31456077

87 Main St, Deep River, CT 06417

AV
CT REB.0795536
VC Property Group LLC
Listed by VC Property Group LLC
$1,350,000
65 days on market
Updated 47 days ago

Mixed-Use + Development Opportunity

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 7,300
Cap Rate 6%
NOI $81,000
Occupancy 100%
Price per SqFt $185
Class B
Year Built 2005
Buildings 2
Lot Size (SqFt) 0.7
Parking Spaces 15 spaces
Parking Per SqFt 2.05
Investment Type Stabilized

Incredible Opportunity in Highly Desired Market

Marketing description

VC Property Group is proud to present a two-parcel assemblage in Deep River, Connecticut, combining stabilized mixed-use income with residential value and development optionality.

The offering includes a 5-unit mixed-use building (4 residential + 1 retail), a newer single-family residence, and a contiguous 0.3-acre buildable lot. Together, the assets provide immediate cash flow with multiple pathways to unlock additional value.

Located in the Lower Connecticut River Valley, Deep River benefits from strong demand driven by nearby Chester and Essex—supply-constrained markets with consistent pricing pressure and high owner-occupant demand.

The investment can be executed as a hybrid income and land strategy. The mixed-use asset delivers stabilized income, while the single-family residence and adjacent lot provide near-term monetization or long-term development potential.

One execution strategy includes development of a ~2,000 SF single-family residence on the adjacent 0.3-acre buildable lot. At an estimated construction cost of ~$350/SF and a projected resale value of ~$1.0M, this approach provides an opportunity to generate approximately $300,000 in proceeds, allowing an investor to recapture capital and significantly reduce their effective basis in the income-producing assets.

This structure enables investors to potentially reduce basis by ~$300K while maintaining ownership of stabilized income-producing real estate.

This is a flexible, downside-protected opportunity combining in-place income with clearly defined residential upside, enhanced by a near-term capital recapture strategy in a highly desirable and supply-constrained submarket.

Investment highlights

Mixed-use income with residential and development upside

Build-and-sell strategy enables ~$300K basis reduction

5-unit asset plus single-family and buildable lot

Located near Chester and Essex (high-demand submarket)

Multiple exit strategies: monetize, develop, or hold

Listing Contacts

AV
CT REB.0795536
VC Property Group LLC
Listed by VC Property Group LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,000.00
$6,750.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Anthony Velez
License
REB.0795536
Brokerage
VC Property Group
Title
CEO
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591