163 Main Street, Deep River, CT 06417

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 … read more …