This exceptional 3,000 square foot commercial property presents a unique investment opportunity in Derby, CT. Located on a highly visible .53-acre corner lot on Route 34 (Roosevelt Drive), this warehouse-style building offers unparalleled versatility. The building features impressive 16-foot ceilings at its peak, providing ample headroom for various uses. Three 10-foot overhead garage doors ensure easy access for loading and unloading, while gas heating provides efficient climate control. A substantial yard provides ample space for parking, storage, or potential expansion. Currently configured as a retail space, this property's adaptable layout and prime location make it suitable for a wide range of commercial ventures. The high-traffic location on Route 34 guarantees excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the Derby market. The property's size and features offer significant potential for growth and adaptation to meet the needs of a diverse clientele. This is a rare opportunity to acquire a well-situated commercial property with significant upside potential in a thriving Connecticut community. The combination of size, location, and features makes this an attractive investment for both established businesses and entrepreneurs looking to establish a new venture. The property's current use as an antiques and collectibles store demonstrates its suitability for retail, but its adaptability extends far beyond this single application.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$567,717
Hospitality
$520,026
Educational
$432,656
Medical
$447,535
Retail
$673,020
Location Insight
City
Derby
County
New Haven
State
Connecticut
Latitude
41.3301
Longitude
-73.1073
CBSA code
35300
CBSA name
NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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