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Property profile & analytics
FOR LEASE
Super regional malls

656 New Haven Ave Derby, CT 06418

20 ac lot Built 1974
Individually Owned Absentee Owner Free & Clear
Property ID
US15-0629309
Property summary
AI-generated overview

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
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1974
Lot 20 ac (871,200 SF)
Zoning code B-1
APN DERB M:3 B:2 L:34-000077
UPID US15-0629309
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CVS Pharmacy Pharmacy
  • CVS Photo (Bike/Boat/Book/etc) Store
  • CDReload - Online Bitcoin ATM Atm Currency Exchange Service
  • Big Y World Class Market Grocery & Convenience Store Food Market
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
PETER ANTINOZZI
PETER ANTINOZZI
Zoning & alternative use
B-1 · Derby, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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