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17-21 Elizabeth St
Derby, CT 06418

$1,500,000 USD

Storefront Retail Office For Sale • 23,175 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 23,175 SF
Lot Size 0.28 AC
Building Class C
Year Built 1926
Cap Rate 7.84 %
Tenancy Multiple
Zoning CDD

0 Transit Score

78 Walk Score

                
                    Highlights
                
                                7.8% CAP RATE with the potential for a 9% CAP RATE
                            
                                23,175 TOTAL SF, .28 of an Acre, Zoning: CDD
                            
                                Current PENDING GROSS income: $144,401/Potential: $162,401.28
                            
                                Professional office over Retail & Restaurant
                            
                                Convert opportunity for Residential over Retail & Restaurant
                            
                                Downtown Derby, off of Rte 34/Route 8 and Shelton Border

Property Flyers

NDA

Financial Summary (Actual)

Net Operating Income: $112,737 USD (2023)

Cap Rate:	7.84 %
Total Expenses:	$26,863 USD

Amenities

Bus Line
Freeway Visibility
Restaurant
Security System
Signage
Accent Lighting
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Derby-Shelton Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	2 min	18 min	0.5 mi
Ansonia Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	7 min	-	2.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Jeanette Politano 203-218-3383 Coldwell Banker Commercial Realty

17-21 Elizabeth St Derby, CT 06418