Homes for sale - 17 Elizabeth Street, Derby, CT 06418

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Akiba Watts

soldbyakiba@gmail.com +1(475) 256-8828

$ 1,500,000

Est. payment | -/mo

13 Baths

23,175 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

13 Baths

23,175 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 23,175 sqft

Price per Sqft $64

MLS Listing ID 24026668

Half Baths 13

Year Built 1926

Annual Tax Amount $19,574

Lot Size 0.280 Acres

Property Description

7.8 PENDING CAP with the potential for a 9 CAP, when fully occupied at current under market rents for this downtown Derby 23,175 Total SF brick faced commercial building. Currently an Office over Retail use with the potential to convert this building to what it once was, a mixed-use residential over retail building. 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 and 6 office units on the 2nd floor. 5 office units are currently occupied and 1 suite is available. Professional long term tenants with low rents gives a purchaser 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.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 flr.

Location

State CT

County New Haven

Zoning CDD

Interior

Interior Features Loading - Grade, Public Restrooms

Heating Hot Air

Cooling Central Air

Exterior

Exterior Feature Sidewalk, Doors - 10-15 ft, Awnings, Gutters, Lighting, Door Sign, Underground Sprinkler

Utilities Available Electric, Gas, Telephone, Cable Available

Roof Type EPDM Synthetic Rubber

Building

Lot Description Dry, Level Lot

Story 2

Foundation Block, Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Listed by Jeanette Politano • Coldwell Banker Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(475) 256-8828

soldbyakiba@gmail.com

17 Elizabeth Street Derby, CT 06418