17 Elizabeth Street, Derby, CT 06418

$1,500,000
13
BA
23,175
SqFt
List Price
$1,500,000
Status
ACTIVE
MLS#
24026668
Year Built
1926
Levels
2
Bathrooms
13
Acres
0.28
Living Area
23,175
Neighborhood
Downtown

Property Description

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.

Additional Information

Taxes
$19,574
Lot Size
12,196
Interior Features
Loading - Grade, Public Restrooms
Heating
Hot Air, Steam
Fuel Type
Natural Gas
Cooling System Type
Central Air
Sewer
Public Sewer Connected
Water Source
Public Water Connected
Exterior Features
Sidewalk, Doors - 10-15 ft, Awnings, Gutters, Lighting, Door Sign, Underground Sprinkler

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Jeanette Politano from Coldwell Banker Realty

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