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17 Elizabeth Street, Derby, CT 06418
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$1,500,000
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Home Details for 17 Elizabeth Street
Price
$1,500,000
Type
Commercial/Industrial
Total Bathrooms
13.0
Half Bathrooms
13.0
Year Build
1926
Sq. Ft.
23175
Lot Size
0.28
County
New Haven
Tax
$19,574
MLS®️ Listing#
24026668
On exitrealty.com
175 days
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.
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- Heating Information
- Natural Gas
- Forced Air
- House Interior
- Loading - Grade
- Public Restrooms
- Utilities
- Cable Available
- Natural Gas Available
- Cooling Information
- Central Air
- Water Features
- Public
Listing courtesy: Coldwell Banker Realty - 203-452-3700. Presented by: Jeanette Politano
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