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Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Pharmacy
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(Bike/Boat/Book/etc) Store
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Crypto Atm Atm
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Grocery & Convenience Store Food Market
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Bank Credit Union
Location
Value estimations
Owner & transaction history
Zoning & alternative use
§ 195-15 Business-1 (B-1) Zone. § 195-16 Business-2 (B-2) Zone. § 195-17 Industrial-I (I-1) Zone. § 195-17(A) Mill Design District (MDD) Zone § 195-18 Public and Semipublic (P) Zone. § 195-19 Hospital/Campus (H/C) Zone.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Derby, CT§ 195-15 Business-1 (B-1) Zone. § 195-16 Business-2 (B-2) Zone. § 195-17 Industrial-I (I-1) Zone. § 195-17(A) Mill Design District (MDD) Zone § 195-18 Public and Semipublic (P) Zone. § 195-19 Hospital/Campus (H/C) Zone.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
§ 195-15 Business-1 (B-1) Zone. § 195-16 Business-2 (B-2) Zone. § 195-17 Industrial-I (I-1) Zone. § 195-17(A) Mill Design District (MDD) Zone § 195-18 Public and Semipublic (P) Zone. § 195-19 Hospital/Campus (H/C) Zone.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Derby, CT.
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