New Listing - 06/18/2024
17 Elizabeth Street, Derby , (Downtown), CT, 06418
0 beds
13 Half baths
1926
23,175 sqft
JUST LISTED! 7.5% CAP RATE with the potential for a 9.5% CAP RATE when fully occupied for this downtown Derby 23,175 Total SF brick faced commercial building that is currently Office over Retail with the potential to convert this building to what it once was, a mixed-use residential over retail building. Currently this 10 unit building has 4 retail main/ground level units including a well known/popular two level restaurant with a private outdoor patio, 3 retail store fronts; 6 office units above on the 2nd floor. 4 office units are currently occupied and 2 are recently available. Professional long term tenants with low rents gives any buyer the opportunity to grow the rental income. This brick building has efficient gas heat, central air, 4 year old long lasting EPDM rubber roof. Parking in street (one way) and access to a municipal parking garage across the street. Located next door to Derby Town Hall. Sidewalk, walk-ins, just steps to/from Route 34, to Route 8 highway and around the corner from Bridge St to Shelton. Zoning on building is for mixed use. There is an opportunity to convert the building to residential over retail.
Status:
Active
Town:
Derby
Type:
Commercial
Units:
10
Zoning:
CDD
Frontage:
Interstate Highway,Municipal Street
Heating:
Hot Air, Steam
Cooling:
Central Air
Acreage:
0.28
Est. Taxes:
$17,490
Assessment
$453,110
Current Use
Investment Property
Permitted Use
Investment Property
Utilities
Electric,Gas,Telephone,Cable Available
Lot Description:
Zero Lot Line,Dry,Level Lot
Days on Market:
9
MLS #:
24026668
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Jeanette Politano, Coldwell Banker Realty Email: Jeanette.Politano@CBCNRT.com