17 Elizabeth Street Derby, CT 06418
Listing Courtesy of: SMART MLS / Coldwell Banker Realty / Jeanette Politano

  17 Elizabeth Street Derby, CT 06418

Active (134 Days)
$1,500,000
13
BATH
23,175
SQFT

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.

MLS #:
24026668
Taxes
$19,574(2024)
Lot Size
0.28 acres
Type
Commerical
Year Built
1926
County
New Haven County
Community
Downtown

Listed By

Jeanette Politano, Coldwell Banker Realty
Source
SMART MLS
Last checked Oct 30 2024 at 5:55 PM GMT+0000
Bathroom Details
  • Half Bathrooms: 13
Interior Features
  • Loading - Grade
  • Public Restrooms
Lot Information
  • Dry
  • Level Lot
Property Features
  • Foundation: Block
  • Foundation: Concrete
Heating and Cooling
  • Hot Air
  • Central Air
Exterior Features
  • Roof: Epdm Synthetic Rubber
Utility Information
  • Utilities: Electric, Gas, Telephone, Cable Available
  • Sewer: Public Sewer Connected
  • Fuel: Natural Gas
Location
   
Calculate drive times to this property
 
Powered by INRIXĀ® Drive Time

Disclaimer: The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Last Updated: 10/30/24 10:55