MLS Number 4366721
- Year Built 1950
- Acreage 18.75
18 + acres of land at the busiest intersection of Route 5 in Derby. The property is located across the road from McDonald's and contains a large field. Four buildings currently are in place including an 11 unit motel, a building leased to Verizon Wireless and a single family home in the rear. The current buildings generate income which could help carry the property until a prime development opportunity is presented. Property is sold subject to the current short term leases in place. Recent developments in this area include a new CVS, Family Dollar and Tractor Supply. Proposed developments in the area include a Dunkin Donuts and Walmart. Property includes a 30' ROW across the Southern Side of the Family Dollar Property and a 15' ROW along the Northern Side for City Water. VAST snowmobile trail currently crosses the property. There is also a good road down the back of the property to the Clyde River Frontage.
Listed by Nicholas Maclure of Derby Office
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Est. Mortgage: $/month
Federal 30-year interest rate: 3.84% last updated on 2015-05-21
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