Multifamiliare A Deep River

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.