JUST LISTED! 6.3% CAP RATE with the potential for a 8.6% CAP RATE, 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. 4 office units are currently occupied and 2 are recently unoccup. 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.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
5960 Sq. ft. industrial building across from Housatonic River in Derby. Located off of Rt. 8 on rt. 34. This warehouse offers a main entrance reception area and office space and 2 bathroom. There is a one bay garage and parking area. All public utilities on 1.42 acres. Great location overlooking the river for your business in a Quickly growing and developing area.
The median home value in Derby, CT is $204,500. This is lower than the county median home value of $215,000. The national median home value is $219,700. The average price of homes sold in Derby, CT is $204,500. Approximately 51.67% of Derby homes are owned, compared to 38.39% rented, while 9.94% are vacant. Derby real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Derby real estate agent to arrange a tour today!
Derby, Connecticut 06418 has a population of 12,700. Derby 06418 is less family-centric than the surrounding county with 24.29% of the households containing married families with children. The county average for households married with children is 26.78%.
The median household income in Derby, Connecticut 06418 is $57,432. The median household income for the surrounding county is $64,872 compared to the national median of $57,652. The median age of people living in Derby 06418 is 40.9 years.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 19.6 degrees. The average rainfall is approximately 49.2 inches per year, with 31 inches of snow per year.