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Mixed-Use Property with Storefront
For Sale
$250,000

21-23 Derby Ave, Derby, CT 06418

Three residential units and a commercial storefront occupy a redevelopment property requiring substantial rehabilitation.

Property Size6,029 SF
Price / SF$41.47
Days on Market13

Property Features for 21-23 Derby Ave

General Information

Standard status Active
Size 6,029 SF
Property subtype Multi-Family

Property Condition

Severity Teardown
Evidence needs to be torn down

Additional Details

Land Use mixed-use

Building Details

Year Built 1879
Listing Agency: Century 21 Scala Group
Listed By: Carolyn Colon-Ortega (203) 218-0702 (203) 374-9451
Source: Centralconnecticuthomefinder
Added: Aug 17 Changed: Aug 29 Last Checked: Aug 25 at 6:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Scala Group

Investment Insights

Based on property information with market context.

This mixed-use property at 21-23 Derby Ave includes three residential units and a commercial storefront within approximately 6,029 square feet. Constructed in 1879, the building has sustained fire damage and requires significant rehabilitation. The property is being offered in its current condition, with no interior access available for review.

The sale also includes 25 Derby Ave, identified as the attached parking lot. The building may require demolition, while retaining the storefront would be subject to town approval. Buyers should independently evaluate the structure, zoning, permits, utilities, and scope of required work before proceeding.

Key Highlights

  • Mixed‑use building with three residential units and a commercial storefront
  • Approximately 6,029 square feet on 21‑23 Derby Ave
  • Constructed in 1879

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Daycare Center Pharmacy Veterinary Clinic Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

553
Businesses Nearby

Demographics for 06418, CT

12,297
Population
6,086
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
2,459
Density / Sq Mi
$75,718
Median Household Income
$50,708
Median Earnings
$1,453
Median Rent
$243,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three residential units and a commercial storefront occupy a redevelopment property requiring substantial rehabilitation.
Where is this mixed-use property located?
The property is located at 21-23 Derby Ave Derby, CT.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Mixed‑use building with three residential units and a commercial storefront; Approximately 6,029 square feet on 21‑23 Derby Ave; Constructed in 1879
More about this property
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