549 Howe Avenue, Shelton CT, 06484

Sold

549 Howe Avenue

Shelton CT, 06484

$1,370,000

$24.96 per sqft

Sold

54,884 sqft

Commercial

Built in 1950

Investors take notice. Tremendous opportunity. Located in the heart of downtown Shelton. This 54,884 square foot building consist of retail along Howe Avenue. Mixed use and office space inside the atrium and third floor offers more rentable space that's currently not rented. Most of the tenants have been there for many years. The rents are well below market and only a couple tenants have leases. Many of the tenants want to sign leases. The building is in good shape with indoor sprinkler system throughout the building. All the electrical was gutted and redone. There are six residential apartments. Tremendous opportunity for growth. Owner will to take back some financing. The current property manager has ran the building for 25 years, he's done all of the repairs and rents, and does an excellent job for an extremely reasonable rate. This is what they call a cash cow. IB-2 Zone

170352778

MLSⓇ ID

February 16, 2024

Updated

Map

549 Howe Avenue
Shelton CT, 06484

Interior Features

Total Stories: 3
Interior Features: Concrete, Carpet, Wood
Floor Description: Concrete, Carpet, Wood
Fireplace: No
Cooling: Yes
Cooling Description: Central Air, Window Unit(s)
Heating: Yes
Heating Description: Baseboard, Radiant, Zoned

Exterior/Building Features

Lot Size: 0.34 Acres
Lot Features: Level
Roof: Built-Up
Sewer: Public Sewer

Other Property Details

Area Name: N/A
Taxes: $15,659
Tax Frequency: Annually
Days on Market: 49
Garage: No
Parking: Off Street, On Street
View: No
County: Fairfield
Water Source: Public
Pool: No
Zoning: IB-2

Listed by Jay Cannone with William Raveis Real Estate

Listing Contact: 2033752800

The IDX display contains information sourced from the Smart MLS, Inc as of 2/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 2/16/2024 at 12:18 AM UTC