21 Derby Avenue

Derby CT 06418

6029 sq. ft.

0.06 ac.

Multi-Family

Currently for sale - view listing

Overview

Great opportunity for investors, developers, and owner-users! This mixed-use property offers three residential units plus a commercial storefront, providing excellent potential for multiple income streams once renovated. The property has experienced fire damage and requires significant rehabilitation, making it ideal for an experienced investor looking to restore and reposition the building. The existing layout offers the potential to create a combination of residential rental income and commercial space in a highly visible location. With the right vision and renovation, this property could be transformed into a valuable income-producing asset. This property is also being sold with 25 Derby Ave which is the parking lot attached to the property. Seller is selling this "as is" and there is no access inside. This property needs to be torn down and there might be possibility to save the store front but you need town's approval. Buyers should perform their own diligence regarding the building's condition, zoning, permits, utilities, and required repairs. Property has suffered fire damage, needs a completely rebuild and it is SOLD "AS IS".