$1,500,000

Est. Mortgage $7,291/mo *

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17 Elizabeth Street, Derby , (Downtown), CT, 06418

17 Elizabeth Street, Derby , (Downtown), CT, 06418
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0 beds

13 Half baths

1926

23,175 sqft

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. 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

Cooling:

Central Air

Acreage:

0.28

Est. Taxes:

$19,574

Assessment

$453,110

Current Use

Investment Property

Permitted Use

Investment Property

Utilities

Electric,Gas,Telephone,Cable Available

Lot Description:

Dry,Level Lot

Days on Market:

125

MLS #:

24026668

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Jeanette Politano, Coldwell Banker Realty Email: Jeanette.Politano@CBCNRT.com