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    656 New Haven Ave Derby, CT 06418

    For Lease
    Contact for pricing

    Derby, CT: Prime Retail, High Visibility

    Lot size:
    7,803 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Hilltop Commons, located at 656 New Haven Ave in Derby, CT (06418), offers exceptional retail space for lease. This 7,803 square foot shopping center boasts a newly completed major redevelopment, with 8 spaces currently available. Units range from a minimum of 763 square feet to a maximum contiguous space of 3,240 square feet, providing flexibility for various retail businesses. The center enjoys a highly visible location directly between Merritt Parkway and Route 8 on Derby Avenue, benefiting from a significant traffic count of 37,100 vehicles per day. A Big Y Supermarket is now open, anchoring the center and drawing substantial foot traffic. This presents a unique opportunity for businesses seeking high visibility and access to a strong customer base in a thriving retail environment within New Haven County. The entire 7,803 square feet is currently vacant, offering a blank canvas for a single tenant or multiple smaller businesses. This prime retail location in Derby, Connecticut offers unparalleled exposure and potential for growth.

    Property Features for 656 New Haven Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,803 SF

    Unit(s) available at that property

    Space
    Suite 7
    Size
    1,620 SF
    Space
    Suite 11A
    Size
    763 SF
    Space
    Suite 14B
    Size
    2,180 SF
    Space
    Available Space 2B
    Size
    2,744 SF
    Space
    Available Space 3
    Size
    2,349 SF
    Space
    Available Space 4A
    Size
    11,735 SF
    Space
    Available Space 8-9
    Size
    6,264 SF
    Space
    Available Space 9
    Size
    25,000 SF

    HighLights

    • Big Y Supermarket recently opened.
    • Newly redeveloped shopping center with available small shop and anchor spaces.
    • High visibility shopping center location.
    • Situated on Derby Avenue, directly between Merritt Parkway and Route 8.
    • 37,100 vehicles per day traffic count.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Pharmacy Pharmacy CVS Photo Passport Photo Processor CDReload - Online Bitcoin ... Crypto Atm Big Y World ... Grocery Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0531377
    Latitude
    41.3118395

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    FAQs

    What type of property is this?
    Retail property - Derby, CT: Prime Retail, High Visibility
    Where is this retail property located?
    The property is located at 656 New Haven Ave Derby, CT.
    What are key features of this property?
    This property features: Big Y Supermarket recently opened.; Newly redeveloped shopping center with available small shop and anchor spaces.; High visibility shopping center location.
    Request Owner's contact information
    656 New Haven Ave Derby, CT 06418
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    Derby, CT 06418
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    656 New Haven Ave Derby, CT 06418
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